If the company had no excess land to sell and they desperately need cash, the only choices are selling entire parks, borrowing more or dilute stock with a stock offering. The sale of excess land absolutely makes the sale of a park more likely.
According to Dale Brumfield’s article in Richmond Magazine, the original intention for the total parcel was that there be an amusement park, a resort hotel, an 18 hole golf course, and a shopping center.I wondered why kings dominion bought that land in the first place, was it under paramount when they bought the land and their intends was to build a movie theater (showcase cinemas) like kings island has a showcase cinema
Well, one outta four ain't bad I guess.According to Dale Brumfield’s article in Richmond Magazine, the original intention for the total parcel was that there be an amusement park, a resort hotel, an 18 hole golf course, and a shopping center.
There should still be room for significant growth in the water park just infilling the space they have or densifying some areas. If you look at a park such as HP, they easily have 1.5-2x the density as KD, so it's certainly viable to broaden the use of existing land.
Thankfully Dominion is already building a new substation on the land. It's renewable (solar) and will be connected to the grid by this summer, so that will hopefully help offset some of the new power demands.Because one of the concerns of selling the land and it becoming data centers is the water and power impacts. Data centers would put even more strain on the power needs of the area, the water usage would effect the water for SC expansion, and the added constant noise would be something the park needs to contend with.
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