Save Belmont Park?

[KIfan1980]

Based upon a facebook update and a read of the belmontpark.com website, it looks as though this beachside park near San Diego might be in jeopardy. I visited this awesome little place a few months back - I hope this is a dispute that can be resolved.

Sorry for no links, I'm on mobile right now.

[pkiboy]

I saw that on my FB page. 3 of my friends who live in Cali 1 of them whos home park Is Knotts says the Coaster comuntiy out in Cali isnt happy right now. He also had to brag that he Rode Silver Bullet like 10 times today lol.

Update this is what I have so far.

PLEASE HELP UP SAVE BELMONT PARK!!

The future of Belmont Park is in jeopardy. The master lease contemplated a major redevelopment to construct an adaptive reuse of The Plunge and pay increased City rent. To achieve this objective, I submitted a plan to the City in 2006. In 2008, the City requested that I put a hold on any redevelopment and negotiate an “as is” lease. For two and a half years, I diligently pursued renegotiation, but the City flatly rejected my efforts. They have now imposed a 700% rent increase but with no development to pay for it. This is financially unfeasible and renders Belmont Park insolvent. Of consequence, Belmont Park’s only option was to file for Chapter 11 reorganization and defend my interpretation of the City’s breach of lease in Federal court.

When I took over the lease hold in 2002, the area was a blighted district with over 50% vacancy, rampant crime and drug problems. During the course of my tenure, I invested over $11 million in capital improvements. Belmont Park now attracts over 4 million visitors a year, generating significant sales tax revenue into the City’s account, and has created over 500 jobs.

The City’s attempt to raise the rent to offset their years of financial mismanagement (exemplified by the pension fiasco and the recent No Vote on Prop D) has caused the community to be in jeopardy of losing one of our City’s prized assets, with the possibility of it returning to a derelict leasehold and crime, graffiti-ridden area. Please don’t allow the mistakes of local government to destroy a San Diego historic landmark.

Many of you on hear are my Friend on Facebook Go to my Page and click Like.

http://www.belmontpark.com/save-belmont-park

Hope this Helps.

[The Interpreter]

And this is, sadly, a perfect example of why amusement park operators do not like operating on leased property, especially when that lease is from a Government. See Bells, Rye Playland and Kentucky Kingdom for other examples. And, of course, Coney Island of Brooklyn. Then, in Canada, the CNE and even the PNE.

[CoastersRZ]

And lets not forget the ongoing saga out at California`s Great America.

[pkiboy]

And lets not forget the ongoing saga out at California`s Great America.

Thats Prop why im going to get to that park Next year. I know a few Kicers who have gone to CGA this year and said the park is a Dump since CF took over.

[The Interpreter]

Park Operator Files Bankruptcy:

http://www.sdbj.com/news/2010/dec/06/belmont-park-operator-files-bankruptcy/

Giant Dipper Remains Sound:

In light of the current news that the landlord of Belmont Park, Wave House Belmont Park, has filed for Chapter 11 Bankruptcy, the owners, management and employees of the San Diego Coaster Company said they wanted to be sure their friends, vendors and guests understand that it has no effect on the Coaster Company, operators of the Historic Giant Dipper Roller Coaster and other rides located within the footprint of Belmont Park.

In a release, The San Diego Coaster Company said it holds a separate land lease with the City of San Diego for the Giant Dipper Roller Coaster and other rides as well as leasing property from Wave House Belmont Park. ...

http://www.tradingmarkets.com/news/stock-alert/rllc_san-diego-coaster-company-belmont-park-giant-dipper-remains-financially-sound-1348394.html