MGM Building Theme Park in South Korea

duckburg85

duckburg85

New Member
Original Poster
MGM Building Theme Park in South Korea
MGM plans to build a $1-million theme park in South Korea to be named MGM Studio City, Britain's Guardian newspaper reported today (Wednesday). The newspaper said that the park will be built on land provided by the port city of Pusan and is expected to open in 2011. The complex, it said, will include a film academy with movie sets and an entertainment school, leisure facilities, shopping centers, restaurants, and accommodation.


I know it is MGM and not Disney, but interesting to see how MGM would make there own park. I don't understand the stating the $1-million, which is extremely low for a modern theme park. I researched it after i found it on IMDB.com knowing that wasn't the best source. I found a article on Forbes.com ( http://www.forbes.com/business/feeds/afx/2006/03/14/afx2595108.html)
 
Pongo

Pongo

New Member
ONE million?

Disney spent one HUNDRED million on a mountain, let alone a whole theme park. There are HOUSES down the street from me that cost more than that. One million can't be right.

It doesn't really sound like a theme park to me. More of a film school/mall combination :veryconfu
 
shoppingnut

shoppingnut

Active Member
Yes $1 million does seem low, but in other countries where things are less costly to build it might be more equivalent to $5-10 million or more.
 
peter11435

peter11435

Well-Known Member
shoppingnut said:
Yes $1 million does seem low, but in other countries where things are less costly to build it might be more equivalent to $5-10 million or more.
Click to expand...
Even 5-10 million would be very low.
 
duckburg85

duckburg85

New Member
Original Poster
i know, it must be a mistake. Even in other countries it could not make a theme park, well a "good" theme park.
 
S

splitdrums81

New Member
yea id have to agree on that being a mistake even with the change from US to Korea just because of all the complexs they plan to build also, seems wayyyy to low to me.
 
TLandGuy

TLandGuy

New Member
There have been many rumors going around about a park in Korea for sometime now but my thought on this one is i will only believe it when i see it.
 
Tim G

Tim G

Well-Known Member
Building EPCOT alone was estimated $1.2 BILLION, and had an overrun of several hundred million dollars.

So you NOW (2006) you would build a theme park, for at least that amount, not just a few million dollars...
 
W

walt

New Member
duckburg85 said:
MGM Building Theme Park in South Korea
MGM plans to build a $1-million theme park in South Korea to be named MGM Studio City, Britain's Guardian newspaper reported today (Wednesday). The newspaper said that the park will be built on land provided by the port city of Pusan and is expected to open in 2011. The complex, it said, will include a film academy with movie sets and an entertainment school, leisure facilities, shopping centers, restaurants, and accommodation.


I know it is MGM and not Disney, but interesting to see how MGM would make there own park. I don't understand the stating the $1-million, which is extremely low for a modern theme park. I researched it after i found it on IMDB.com knowing that wasn't the best source. I found a article on





Forbes.com ( http://www.forbes.com/business/feeds/afx/2006/03/14/afx2595108.html)
Click to expand...



NO NO NO ITS 1 BILLION CHECK ON www.coasterbuzz.com
 
duckburg85

duckburg85

New Member
Original Poster
oh take that Forbes! I guess you could build decent a park for 1 billion, maybe if you just take rides that existed in other parks from around the world! then you might have something.
 

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