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Ice Breaker (Opening 2020)

LintemuthStudios

Veteran Member
Nov 7, 2016
5,208
Fantastic Worlds
Apparently SWE might be getting sued by Premier for missed construction payments. Not the only company doing this, as a construction contractor over in San Diego is suing as well. Take with a grain of salt.
 

GAcoaster

V.I.P.
Nov 30, 2012
3,999
Orlando
They got an increase in their credit line early on in this. Three months of closures with expenses of $25 million a month to maintain the animals and facilities I'd guess meant prioritizing paying contractors in case closures went longer. Hopefully now that some revenue is coming back in things will work out.
 

Joe

aka TestTrack321
Staff member
Moderator
Feb 15, 2012
12,587
Pittsburgh, PA
Apparently SWE might be getting sued by Premier for missed construction payments. Not the only company doing this, as a construction contractor over in San Diego is suing as well. Take with a grain of salt.
I know for a fact Premier is not the only company not to be paid. If IB is really that far down the totem pole this might not open till mid-2021.
 
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GAcoaster

V.I.P.
Nov 30, 2012
3,999
Orlando
Except the fact there already was a shipment of something from Europe for the new B&M suggests the coaster has been paid for, it's just a case of when where there be money to erect it. I'd assume that contracts for a coaster are broken into parts-- money to start fabrication, money to build, money to bring it online with different contractors all coming in at different stages.

I have to wonder where the other Intamin launch coaster for BGW is in this process as well since I think they were doing some land prep before all this started.
 

Scott W.

Premium Member
Feb 26, 2014
12,921
Glasgow
Except the fact there already was a shipment of something from Europe for the new B&M suggests the coaster has been paid for, it's just a case of when where there be money to erect it. I'd assume that contracts for a coaster are broken into parts-- money to start fabrication, money to build, money to bring it online with different contractors all coming in at different stages.

I have to wonder where the other Intamin launch coaster for BGW is in this process as well since I think they were doing some land prep before all this started.
You don't know it's been paid for.

SeaWorld and Busch are great B&M coasters with 6 coasters in Florida, I wouldn't be surprised if they are operating on credit or have simply paid a deposit.
 

HandsomePete

Rookie
Jul 8, 2019
417
I know they haven't.
I'm not sure whether my surprise is warranted or if I should have known better.

Pretty much every theme park on earth would kill for their real estate portfolio - for the company to be run as poorly as it is is an absolute joke.
 
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GAcoaster

V.I.P.
Nov 30, 2012
3,999
Orlando
From SWP&E:

"“We thank our vendors for their partnership, understanding and patience during this unprecedented time. As we re-open our parks and begin to generate revenue again we are working with our vendors to complete all outstanding payments," SeaWorld Orlando spokeswoman Lori Cherry said in the statement Monday."

 
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