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Could be lost in translation, but think the Spanish says that condado is “the most likely” location?
Murcia Tourist Info and enter with 200,000 euros in the company that will push the Paramount project
23/09/1910 - 1:20 -
EFE / THE TRUTH | MURCIA.
The company Santa Monica Financial Services SA and the regional government will form today, with a capital of one million euros, Murcia Emblematic Projects society responsible for developing the project and attract investors for the launch of the Paramount theme park. Met and the road map of the regional government, which announced the establishment of this society as a first step to attract investors, while noting that their participation in it would be "testimonial."
The businessman Jesus Samper, owner of Paramount's pre license for Europe, has reported that his company brings to the company driving the project, 80 percent of founding capital, while the share of the Instituto de Fomento (Info) and Region Murcia Tourism is 10 percent in each case. According to Samper, the economic contribution of the Government of Murcia will be declining as the company to join the new investors, who will now seek "in both domestic and international financial markets."
The president of Santa Monica has stated that his company has taken over until all the costs of intermediation and consulting between Paramount and the Government of Murcia. Asked about the land where the park will be installed, has ensured it has on the table "four or five" offers that may be of interest to the location of the theme park this U.S. multinational. Although it has not revealed what that is, a priori, more likely, said that the place offered in Alhama de Murcia, formerly the property of Polaris World, which is set at the beginning, "but there are many alternatives and to study all "he said. Samper reiterated that the park needs to take 4 to 6millones of square meters and be located no more than 20 minutes by car of the future international airport.
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Most of these articles are just a regurgitation of the original news in the media over the last week or so- nothing new seems to be coming up.
Dont want to be negative but further reading and research is convincing me that a theme park on the doorstep isn't the way forward and I foresee so many problems not least investment falling away once the build starts and leaving us with an ugly monstrosity on the skyline. Financiers are saying Europe is in for a double dip. The build it self will bring problems not even considered by most who see it as a good rental opportunity or price rise for property sales. All that is so far off to be not worth considering. Plus the estimated 3 million visitors- I just dont see it happening.
I want Condado to be improved but I really dont see this as the way to do it and I now dont think it is going to be the saviour most people seem to expect. It will be a new resort and Condado will become the poor (older) neighbour on the edge, it really will be next to Condado not part of Condado as someone has suggested to me.
Even when finance and location is agreed there is still a long way to go and maybe there is something in the talk that this is all for Poitical gain and in the end nothing will happen or will soon falter.
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Tony.
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Confidentiality agreements make this so we do not know anything about the park (insider dealing prevention, land ownershp issues, etc). No one knows where the park will be.
I was on Camposol over the weekend and one bloke claiming to be in the know said the park would be located about a mile past Condado (driving up from Mazarron) and on the left hand side of the RM23 - he said a friend had already been served with a compulsory purchase order on his land. This bloke also told me that the best real estate in the area is on Camposol. Take from that what you will. Another person "in the know" told me that it was going behind La Isla.
No one knows how the future of the park will unfold (or even if it will materialise).
Just a lot of speculation and people either getting too far ahead or getting unnecessarily worried about the impact the park MAY have IF it is built.
Most importantly, as owners we have no choice in the matter. I see the park as a ray of hope, and one which may see Condado brought up to the quality first sold to purchasers. Without Paramount, there is no real prospect for investors to get their teeth into Condado.
If the park materialises, those not liking the "new" Condado should have a buoyant market in which to sell. Those liking the "new" Condado should be sitting on a nice capital profit and decent rental income. That to me sounds like a win win situation for all owners IF it goes ahead.
Just my two pence worth on the subject.
This message was last edited by Steeley1981 on 23/09/2010.
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David
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Hi David,
As you correctly say, no one really knows, well ok I'm sure that some do as I believe that the decision has already been made, but for us normal people it's all just speculation until the official announcement is made.
On the two opinions of your two "experts" I believe that the one who said it will be behind La Isla is correct, as that is the land being offered by IRM, which is currently considered "the most likely"
As to Camposol being the best real estate? Hmm. whilst there are some nice properties on 'A' and 'B' the rest are having trouble giving them away due to the fact they do not have the correct paper work.. oh, and the issue that some are still sliding down the hill. Don't want this to get into a "condado V camposol" debate, but I'm sure that even those that live on Camposol would admit that it's not without it's problems.
L
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Steely, Lisinopril,
Perfectly put. Condado ain't going anywhere soon without something major like this happening. Now some might like it quiet, but I don't fancy one restaurant (part-time opening)and one bar serving a development the size of Condado with the rest of the units stood empty for the next ten years. I want somewhere with a bit of life and 'buzz' about the place personally.
Tony, as the guy's state below, the arrival of Paramout on our doorstep (if we should be so lucky) is sure to increase values and would be likely to release many people from the shackles they find themselves in with negative equity and being unable to meet bills because of no rental potential or personal changed circumstances. This would be all good for the developent as it would put less strain on the community coffers to make up the short-fall in finances. I am sure in time we will soon see through the community budgets that there are many in this position.
I myself, am not looking for rental opportunities and just want Condado to be a place that 'comes alive' and has got something to offer to my family & friends.
Regards,
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Will
( & Jackie if it's not controversial !! ).
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hi folks if the paramount deal came off it would be fantastic but at this moment in time i would settle for the sporst zone opening that would be progress for me...all the best stevie.....
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you are right stevie , im coming over in october 13th to 25 th with 3 kids , what is there in condado i can do with them ???
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Looks like Tony has found some of the articles I happened on early in the week and they do make depressive reading. There is , unfortunately, a lot of negative information about- alot of which concern's the 'why Murcia?' question in relation to the Paramount project. Mainly the focus is on the fact that Murcia isnt the tourist hotspot that other area's are , so why has Murcia been identified? What do these tourists do after their day at the theme park? But, are these just sour grapes? Also lots of general concerns over the financial position of Murcia and how it will shore up this project- though the Govt are only putting in an initial amount to get the project up and running and making it clear Sampers is in the driving seat.. Lots of doubts are expressed about whether the project would ever get finished.
However, its the best chance Condado has of being improved although I'm not sure how that will happen as PW dont own much of CdA and wont benefit from the sale of land so dont seem to end up in any better financial position which could affect them doing anything for the resort. Hopefully it would just stir them on to improve facilities even if they dont built any thing else for a long time. Maybe other developers would want the land the Banks have within the gated part of Condado and that could mean further development? Hopefully in the same genre that we have now.
The size of the project is also worth knowing about as it isnt Disney USA size and isnt even Disney Paris size- so a much smaller footprint and probably slightly less concerning because of that for those people who see it as a huge ranging theme park spoiling the area and landscape. Some reports suggest 2-3 years for the build rather than the 6yr plus mooted on EOS earlier on. CdA's biggest threat will be the hotels and aparthotels that will come with the project and could interfer with peoples high hopes of major rental income. Afterall they will be well advertised by the theme park and would be most tourists first port of call because of reductions to entance fee's. Size of the theme park suggest short break holidays, but who's to know?
A curious comment I have just read said 'Is Paramount the reason PW have pulled out of Condado de Alhama?' - not sure what to make of that. Anyone any idea?
But, if it happens at Condado or within a hour of Condado it should mean our resort really benefits
This message was last edited by Jann on 24/09/2010.
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Jan
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Actually Jann the planned park is bigger that Disneyland Paris. ( which is bigger than the one in the US )
Disneyland Paris covers an area of 140 Acres, Paramount is saying the park will be between 4 and 6 Million square meters, or 600 Hectares which is 1482 Acres!!!! OK, so a proportion of this will be parking, hotels, shops etc around the park, but it is still an enormous area.
Opps, I take that back, miised an important bit :-(.
Just seen that the Total area of Disneyland Paris encompasses 4,800 acres, so my appologies Jann I stand corrected.
L
This message was last edited by Lisinopril on 24/09/2010.
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I'd also thought it was proposed to be at least as big as Disney Paris but have since read in several sources that it won't be. Still fairly big but how much is given over the the actual theme park and rides and how much to all the other facilities is not clear.But a tiny mention in one of the articles said the proposed theme park would be 'a good day out but nothing to compare with Disney' and maybe that can calm some concerns.
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Jan
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Quote from 2 other EOS forums
"An architect we have worked with was at a business function over the weekend and sat with a delegation from Polaris. He was told that Paramount will be built on land SOLD (??) back to the government by Polaris near Condado de Alhama. Obviously still hearsay but from a source that may have some insider information. Fingers Crossed."
June
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Martyn and June xx
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"Actually Jann the planned park is bigger that Disneyland Paris. ( which is bigger than the one in the US )"
I presume you mean bigger than the california Disney as the Florida disney is over 30,000 acres so dwarfs Paris!!
Paris currently has 2.225 acres developed with land to spare for expansion..
Another case of facts not entirely correct posted on the forum Lisinopril!
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