Posted Wednesday, February 4, 2009 9:25 AM | Contributed by Jeff
Busch Entertainment Corp. has shelved plans to build four parks in Dubai, making the project the Middle Eastern state's latest casualty amid the international credit freeze.
Read more from The Orlando Sentinel.
I think the credit scene is only half of the story. Mark my words... someone is all over the books of the theme park division deciding whether or not to take it off of InBev's hands.
I wonder who that someone is? hmm :-)
I wonder what other companies are going to shelve their Dubai plans. Disney stayed away from the fray, which may be a very wise decision.
yes very interesting in these global challenging times. Dubai was set to go ballistic with development and I wonder if it will just drop like a rock for now.
Dubai will continue to pop up in discussions about tourism, international trade, finance, etc. They have LOADS of residual cash from oil, and not enough oil left to continue their progress economically. Branching out and diversifying their "portfolio" isn't optional for Dubai, it's an absolute necessity. Everything that was planned may not come to fruition, but I expect alot of projects "shelved" right now will come to pass when the global economy returns to some semblance of normalcy...
I don't doubt the plans will come off the shelf once the theme parks division is sold and the economy improves, especially if the buyer happens to be the Busch family.
Buyer doesnt necessarily have to be in the Busch family for the plans to continue... I would say anyone could be capable of continuing this..
Certainly it would be easier under the family because they have proven to think out of the box and allow the Parks to do what they do best.. The dependency is will the potential buyer allow the parks to "run" themselves or will they implement their own policies which could potentially hurt them..
Those things remain to be seen.
You must be logged in to post