$1.3B entertainment district, ‘Hollywoodland’ theme park proposed for Middletown – WXIX

MIDDLETOWN, Ohio (WXIX) – A $1.3 billion riverfront destination entertainment district and theme park called “Hollywoodland” will be up for a vote on Oct. 21 when the City of Middletown City Council meets.

Before the vote, Main Street Community Capital, LLC and its development partners will present the idea to the council on Oct. 5, according to the city’s communications manager.

Main Street and the City of Middletown will partner together to build the multipurpose destination.

The development is expected to include:

• A first-class, full, service, destination Hotel and attached, publicly owned convention center with roof-top bar, themed restaurant(s), and assorted amenities.
• A second, family-oriented hotel and water park.
• A third, historic, boutique hotel located within the adaptively redeveloped First National Bank building.
• A major, indoor entertainment and concert venue for large, nationally, and internationally acclaimed artists and touring Broadway productions.
• An indoor amusement park containing multiple, themed entertainment-based rides, virtual reality experiences, immersive entertainment opportunities and integrated retail, food & beverage.
• Structured and integrated underground deck-based parking (publicly owned) of no fewer than 3,000 spaces.
• On-site mid-rise, luxury, market-rate apartment units and/or condominiums.
• Permanent pre-and post-production motion picture studio sound stages and support offices and infrastructure.
• Multiple restaurants, bars, brewpubs, and cafes, and a likely comedy club.
• Integrated fashion, electronic, lifestyle, convenience, and recreational retail.

Autoplay

Caption

The city says the project will create thousands of jobs and bring an estimated 3.5 million yearly visitors to Middletown.

“This will be a transformational redevelopment opportunity for Middletown that came out of a redevelopment study for our riverfront property. It will encompass over 50 acres of our historic Downtown,” said City Manager Jim Palenick. “It is a once-in-a-lifetime opportunity to take full advantage of a myriad of local, city, state and federal incentives we have found a way to access, and in turn, and change the future of our city.”

These plans come as a shock for William and Roseanne Laimo, who have lived near the area where the proposed project will be built, for years.

“It’s hard to believe,” explained Will. “I can’t believe they want to build something like that back here. I know Middletown came a long way, you know, but I didn’t think it would go this far.”

If it is approved, Middletown will use $7.5 million of American Rescue Plan Act (ARPA) funds toward pre-construction design, engineering, financial structuring and other pre-closing, due-diligence efforts.

The target date for completion would be by the end of 2024.

See a spelling or grammar error in our story? Please include the title when you click here to report it.

Copyright 2021 WXIX. All rights reserved.

from WordPress https://ift.tt/3mu5pQ1
via IFTTT