Dubai Formula One theme park project on hold

Posted Friday, February 27, 2009 9:25 AM | Contributed by Jeff

Dubai-based Union Properties said on Thursday it has suspended its $460 million Formula One theme park due to the financial crisis and drying up of liquidity from banks.

"The suspension will delay the opening of the Formula One entertainment concept until 2010," it said in a statement on the project which was scheduled to be completed in 2009.

Read more from Reuters.

Comments: 1

Loading...