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Daytona Beach Water Park Deal Dies

DAYTONA BEACH, FL-A lack of funding has killed Los Angeles-based Carlsberg Management Co.'s plan to buy the shuttered Adventure Landing amusement hub from the Jacksonville, FL owner for $2.3 million and make it part of an envisioned $115-million boardwalk redevelopment.

By Alex Finkelstein | Updated on December 02, 2003

DAYTONA BEACH, FL-The first component of a Los Angeles developer’s multi-layered plan to kick off a $115-million redevelopment of the city’s landmark 73-year-old boardwalk area has gone down the chute.

Area brokers intimate with the deal and city planners tell GlobeSt.com that developer Bill Geary’s Carlsberg Management Co. couldn’t close on a previously contracted deal to buy the shuttered Adventure Landing water park, north of Main Street, for $2.3 million. The transaction with seller Adventure Entertainment Co. of Jacksonville, FL fell through because of funding problems, sources tell GlobeSt.com.

Geary is also negotiating to buy the boardwalk’s pier from local owner Theresa Doan for $3 million, as GlobeSt.com previously reported. That deal has been pending since May of this year.

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