I have been thinking about this "3 years/50 million" thing and decided to go back and read the meeting minutes. It appears there was no time frame and there will be no funds remaining. It lumps everything that has happen thus far as the "first phase"...
Cedar Fair is looking to establish a large park to push to the 2.5-3 million annual guest range
somewhere in the southeast and their target expansions are going to either be Carowinds or
Kings Dominion. If they were to select Carowinds as their large southeast park, the first phase
would consist of $43.5MM of investment. The first $30MM of that would be in a new 300 foot
tall rollercoaster. For comparison, the Intimidator, which you can see from I-77, is 230 feet.
They would include a $2.5MM water slide, a $7MM food complex and a $4MM ticket booth and
parking field improvements. Much of what you will approach and see as you come to Carowinds
now, would be completely reconfigured and moved out into where some of their parking field
currently is. $33.1MM of this investment will be in Mecklenburg County within the business
investment zone. The other $10.4MM will be in York County. Just as a reminder, Carowinds is
398 acres right now between the land they currently own and is undeveloped plus the land that is
developed as the park. About 220 acres of that is in South Carolina. The remainder is in North
Carolina.
LinkSo, it seems the first phase was spread over 2 years and not so much a 3 year/50 million thing that we have been hearing/repeating. The park also got a grant from the surrounding cities and counties for the first phase. This is what they asked from one city/county...
Councilmember Andy Dulin said lets go over how much this is going to cost us again.
Mr. Zeiler said if approved, the City’s share of a business investment grant is estimated to be
about $327,952 over three years. The City County combined grant is estimated to be $922,467.
The Board of County Commissioners indicated their intent to approve its portion of the BIP last
Tuesday on June 18th.
LinkNow, that was just one city/county in the charlotte area. Who knows what type of grant money they received from York/Rockhill. So...I wonder since the first phase is complete, how will they revisit the counties and cities for more grant money?
Could the first phase be 43.5 of 50 million and next year will be the 6.5 million making it year 3 to coincide with what cedar fair said?