VILLAGE Roadshow Limited has secured the long-term management rights for the Phoenix Waterworld Safari water park in Phoenix, Arizona in the United States.
The deal was secure through its
The 14.5 hectare park is located within the
VRL will operate the water park on behalf of Maricopa County Parks & Recreation Department, Adobe Dam Recreational Area,
The deal will see VRL take control of the existing park from October 01 2008, with significant expansion of the park planned for the 2009 and 2010 seasons. VRL’s total planned investment in the park (including new attractions and expansion) will be in the region of $US25 million and will include action-packed thrill rides such as the Tornado and Superbowl.
The
VRL shares traded unchanged at $2.20 yesterday.
Australian Property Journal