Ice Breaker (SWO)

[Magic-Man]

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.

 

[shiekra38]

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.

Sounds like what happened with Nassal during Antarctica

 

[Nick]

SeaWorld really has no monies, I guess.

 

[Legacy]

SeaWorld really has no monies, I guess.

They do not.

 

[GAcoaster]

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.

 

[Parkscope Joe]

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.

 

[Scott W.]

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.

Im guessing this will shift their other coaster way down the line.

 

[GAcoaster]

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.]

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.

 

[shiekra38]

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.

Do we know if RMC was paid?

It's a good thing SeaWorld Entertainment doesn't work with the Mafia, someone would be sleeping with the fishes

 

[Parkscope Joe]

Do we know if RMC was paid?

I know they haven't.

 

[shiekra38]

I know they haven't.

Explains the delay with Iron Gwazi I guess.

 

[Parkscope Joe]

Explains the delay with Iron Gwazi I guess.

I hope they have IG open by haunt season closure now.

 

[HandsomePete]

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.

 

[shiekra38]

I hope they have IG open by haunt season closure now.

Same, I was looking very forward to Ice Breaker, Iron Gwazi, and whatever B&M has up their sleeve

It seems the one, two, punch is all delayed now

 

[GAcoaster]

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."

SeaWorld has fallen behind on millions of dollars in construction bills, including Iron Gwazi and Ice Breaker roller coasters

A growing number of contractors are pressuring SeaWorld to pay its bills. In Orange County alone, vendors have filed at least 56 liens totaling about $16 million since April, according to a review …

www.orlandosentinel.com

 

[GAcoaster]

I'm assuming that SeaWorld has taken care of their payments now since both they and Premier posted this yesterday:


I'm guessing we'll probably see work resume in October when the new fiscal year starts.

 

[MatthewFair]

Something is happening!

 

[shiekra38]

Something is happening!

Ahhh yeah!!!!

 

[Magic Feather]

Something is happening!

Guessing a POV. Hoping for a date.