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Old 04-05-2015, 07:21 PM
 
Location: Southern California
1,166 posts, read 1,634,906 times
Reputation: 2904

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$41 Million price tag killed it.

What killed Northeast water park? $41M price tag - El Paso Inc.: Local News
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Old 04-06-2015, 12:20 AM
 
238 posts, read 420,304 times
Reputation: 272
This is good news for Wet N Wild but incontrovertibly terrible news for the city. This is sending a "Don't develop here" message to potential developers/investors.
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Old 04-06-2015, 04:47 AM
 
Location: Glory Road - El Paso, Texas (R.O)
2,619 posts, read 6,136,259 times
Reputation: 1846
Tough call. The franchise wanted the City to build the park for them and then give them a tax brake.
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Old 04-06-2015, 09:46 AM
 
2,258 posts, read 3,493,722 times
Reputation: 1233
Quote:
Originally Posted by banal View Post
This is good news for Wet N Wild but incontrovertibly terrible news for the city. This is sending a "Don't develop here" message to potential developers/investors.
It was a terrible deal. Why should taxpayers fund the building of the park for the company? At least with the ballpark the city will own the park and can use it for non-baseball events, which it has.

Hawaiian Falls is a cool place but hopefully they come back with a more reasonable deal.
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Old 04-06-2015, 10:32 AM
 
238 posts, read 420,304 times
Reputation: 272
Quote:
Originally Posted by kidicarus89 View Post
It was a terrible deal. Why should taxpayers fund the building of the park for the company? At least with the ballpark the city will own the park and can use it for non-baseball events, which it has.

Hawaiian Falls is a cool place but hopefully they come back with a more reasonable deal.
Doesn't the city get a kickback from the ticket sales? City should of renegotiated the compensation instead of backing out. Refusing the deal because the company wanted to add another great facility (an indoor athletic facility) in addition to the water park is just insulting.

By the way, didn't the city (the taxpayers) front the cost of building the stadium?
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