The Interpreter Posted April 8, 2009 Share Posted April 8, 2009 Orlando's No. 2 theme-park resort is warning that it could face a cash crunch by next spring, as turmoil in the credit markets -- and an obscure clause in its long-standing contract with famed filmmaker Steven Spielberg -- complicate its efforts to restructure nearly $1 billion of debt. If Universal Orlando is unable to rework the loans in coming months, it could be forced to slash spending on new attractions, seek more money from its owners or even put a piece of the resort up for sale.... http://www.orlandosentinel.com/business/or...0,2569937.story Quote Link to comment Share on other sites More sharing options...
Captain Picard Posted April 8, 2009 Share Posted April 8, 2009 Has me wondering about HHN. If they cut spending for it more than last years it could be a wasted trip again. All the talk and rumors last year made it sound like it was to be one of the best. After getting there it looked like they cut funding and sent half the employees home. It's interesting on the numbers here having 10 million attendance and 1 billion debt and can't get refinanced. Then look at another park chain that has 13 million attendance and 2 billion debt needing refinanced. Quote Link to comment Share on other sites More sharing options...
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