BREAKING NEWS: Warner Village to buy Aussie World

Aussie World, Queensland, Australia
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Hurricane
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BREAKING NEWS: Warner Village to buy Aussie World

Postby Hurricane » Tue May 20, 2008 12:53 pm

Village Roadshow Limited (ASX: VRL) announced that it had today entered into a conditional agreement to acquire "Aussie World" on the Sunshine Coast in Queensland.

Aussie World is situated on 24 hectares of freehold property on the Bruce Highway and operates the Ettamogah Pub, a ride park and various retail outlets.

VRL Chairman John Kirby said: "Our plan is to lodge a Development Application for a world class Wet 'n' Wild style water park bringing our uniquely successful formula to the Sunshine Coast area which will also complement the existing Ettamogah Pub.”

“Our vision is to construct a Water Park on the property which will provide the Sunshine Coast residents and tourists with the latest water based rides and attractions. The park will feature 10 state of the art rides including an uphill water coaster and the highly successful Tornado Bowl Slide. This will be an exciting new development and a major
tourist attraction for the area. VRL intends to offer the existing staff at Aussie World the opportunity to continue their employment under the new management."

The total cost of the acquisition of Aussie World and the development of the water park will be in the range of approximately $60 million to $70 million. The contract allows Village Roadshow to acquire Aussie World after Village Roadshow completes planning for the new water park, expected to be during 2009. This will allow the new water park to be operational as early as September 2009.
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Postby benclare » Tue May 20, 2008 4:19 pm

Sounds great, especially the water coaster. I just hope the existing rides remain in the park.

Thanks for the info Hurricane. :)

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Hurricane
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Postby Hurricane » Tue May 20, 2008 4:49 pm

No problem, I would think all the rides will be kept.
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Postby Mattie » Tue May 20, 2008 5:36 pm

Very interesting - seeing another major water park is planned to be built 5 minutes away, heading towards Caloundra.

Adventura Waterpark are awaiting Development Approval from council. More info on Adventura is available at http://www.adventura.com.au/Waterpark/

I would really question whether or not they would keep the existing rides, especially if they are planning on building a water park. However, they do have a fair amount of land available for them to build new rides/attractions.

Can South East Queensland sustain having four major water parks (this includes the two planned for the sunshine coast)? If they did not all copy the same attractions and offered variations, possibly. Otherwise what will draw the people in if you can ride the same rides elsewhere.

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Postby Hurricane » Tue May 20, 2008 5:45 pm

Mmm... thats what I was thinking. And I would presume they would keep all the rides. I mean they did say to expand the park, and wouldn't demolishing the rides + infrastructure be very expensive anyway?
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Postby Top Gunner14 » Wed May 21, 2008 5:40 pm

Wow, thisis very interesting. I do hope they keep some of their rides there now like the Mozzie Muster, Spider, Pirate and others. Sounds like it's going to be a good expansion and another great hit for Queensland

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Postby Hurricane » Wed May 21, 2008 5:44 pm

Apparently all the rides will be sold off / scrapped as it is due to be fully converted into a waterpark. The only thing to remain is apparently the Ettamogah Pub
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Postby Top Gunner14 » Wed May 21, 2008 5:45 pm

Geez, thats a real shame. Do you think there's a chance another park, showmen could buy them?

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Postby benclare » Wed May 21, 2008 5:57 pm

We'll probably see another Wild Mouse travelling the country, assuming it doesn't get sold overseas.

A huge disappointment about Warner Village getting rid of the rides; I am not a huge fan of water parks so I'm a bit biased I guess but I wouldn't be making a special trip to the Sunshine Coast to visit the new place as I would with the current attractions. :(

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Postby tooheyzz » Thu May 22, 2008 7:30 am

I think there making a huge mistake waterparks are getting more and more common with some council putting them all the way up the coast admittedly not as flash as this one will be
also i reckon travelers with kids would more likely stop on the way past for a hour or 2 for the amusement ride park rather than a waterpark guess time will tell

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Postby Zamperla » Thu May 22, 2008 8:20 am

I would be very surprised if the existing park is demolished as it is compact and extremely well presented in its current form, and would be a very viable operation with the economies of scale that WB could bring to it (marketing, HR, future investment) - Hurricane, was this from a reliable source?

On the downside, the park will lose many of the qualities that made it a refreshing break from the McTheme Parks closer to Brisbane.

The accuisition makes business sense, I am not so certain about the waterpark plans however. QLD is indeed becoming a saturated market (pun intended)

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Postby princess » Thu May 22, 2008 8:55 am

I feel very sorry for the other consortium, who had been battling council for two years to get approval, they get approval, then whamo someone comes in and undermines all their work for the last two years, not to mention the money that it takes to get approvals through council. So now one will have to have and edge over the other one, will it be a waterpark with rides, or a waterpark without rides, which will people be drawn to, Aussie world already have the edge with their rides, they would be silly to loose that draw card, as that will be the edge over the other park, imo.

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Postby Mattie » Thu May 22, 2008 9:39 am

I have the feeling they will not keep the existing rides. Look at the size of the company, scrapping the old attractions would be peanuts to them.

The existing rides take up valuable land on the bottom of a small mountain, which could be utilised for pools at the bottom of slides. I think we can kiss Australia's old ride history away.

Its sad really, but I guess WVTP have it easy as the land is already zoned tourism and they do not need to go through the long winded Material Change of Use process. The jokes on us.

Have any theme park rides ever became heritage listed?

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Hurricane
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Postby Hurricane » Thu May 22, 2008 3:14 pm

I Know scenic railway at LPM is heritage listed. And the source I have is a rather reliable one.
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Postby katestow77 » Tue Jun 03, 2008 11:23 pm

well i think it sux no 2 ways about it y don they just get lost or go to adventura theme park less then 10 mins away from Aussie world they have enough money to do so many things so y ruin a small Aussie icon like Aussie world by destroying it with water ? y cant just add to it and keep the rides that are already there. i mean this is obviously a saw point for me ive been going to Aussie world since it first opened and i remember the luge now that was fun.

all those things aside wvtp have more money than they can poke a stick at. they have so many great parks as it is.

i understand they want to put there name up on the sunny coast but either keep Aussie world the way it is and add to it with a few water rides or go to adventura world which is 10x bigger than Aussie world and that way they can make there wet n wild on the s.c. there.

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Postby princess » Wed Jun 04, 2008 8:57 am

The sunshine coast, in the next ten years is due to have a huge influx of people moving there, at the moment its population is much lower than the Gold Coast, so the infrastructure is now being put in place for the future, new shopping centres, development etc, so clearly Warner Brothers is just getting in on the act, maybe in ten years time, the Sunshine coast could handle two water parks, but one still needs an edge.

Has anyone asked us what our opinion is lol :lol:

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Postby tooheyzz » Wed Jun 04, 2008 3:02 pm

Will be a shame to see there rides go if there is what they plan to do

Keeping the existing park and adding to it might just give to the edge or maybe have a dual park Amusement ride and a Seperate Waterpark

I guess there are advantages in building on the existing park
less hassles with the council and the infastructure is already there in regard to access from the highway
And Position Position Position

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Postby katestow77 » Sun Jun 08, 2008 11:14 am


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Postby katestow77 » Tue Jun 10, 2008 12:31 am


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Postby katestow77 » Wed Jun 11, 2008 1:49 am


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