The theme park and Anheuser-Busch, its parent company, have worked for three years on the approval process for the project to add new rides and other attractions to the theme park.
Burks said the park's income has remained flat while expenses keep going up, and needs the expansion to increase revenue. The city also wants SeaWorld to set aside land and help pay for construction at the themepark of a transit station.
The council also included a provision in the SeaWorld master plan requiring any future project over 30 feet in height to go before the planning commission and the council.
Burks said the theme park is frustrated at all the added conditions after the company has spent $2 million so far during the approval process. "We may as well not have created a master plan," he said.
The council Tuesday also restricted SeaWorld's rights to build a hotel on the property, saying it has to be built within 10 years.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
