US investors want to finance Disney-style theme park for west
By Gordon Deegan
Wednesday March 21 2012
A DISNEY-STYLE adventure park for the west of Ireland is one of the options being considered by US investors.
Yesterday, Shannon Development's chief executive insisted he is confident there will be interest in developing a multi-million euro park adjacent to Bunratty Castle and Folk Park.
Dr Vincent Cunnane recently returned from the US where he met prospective parties on developing the Co Clare theme park.
He said that on the trip "we were getting a good bit of traction and we are hopeful that something very significant will happen at Bunratty".
Dr Cunnane said: "I'm confident that we will receive several expressions of interest."
Some options put forward to potential investors include:
- A family-themed adventure park
- A diaspora visitor centre and genealogy centre
- An outdoor adventure centre
Dr Cunnane said the development of the themed park on a 120-acre land bank at Bunratty "represents a unique opportunity beside an existing tourism attraction visited by 400,000 people per annum, adjacent to Shannon airport and two hours by motorway from Dublin".
The regional development agency said the new attraction would complement Bunratty Castle and Folk Park, which is less than a third in size of the proposed new tourist attraction.
Impressed
Shannon Development had placed an end of March deadline for expressions of interest, but this has been extended to the end of May, because additional time was required due to the nature of the project.
In its tender documentation, Shannon Development states that there exists gaps in the market for a themed adventure park aimed at the family market.
Dr Cunnane said: "We are asked 'how can you go to the market at this time?' but I would say that it is probably the best time to go.
"Whilst the money may not be in Ireland, there is money elsewhere and the best value can be had at this point in time."
Dr Cunnane said that prospective parties in the US had said that they were impressed that this was a "State-backed opportunity".
Another proposal for the land bank put forward by the agency is an Ireland Through the Ages History and Cultural Centre incorporating a diaspora visitor centre and genealogy centre.
The agency has undertaken research on the issue and it has indicated that that there may be an opportunity to develop a "one-stop-shop" for visitors to learn as much as possible about Ireland's history and culture in one location.
A third approach for the land-bank are innovative proposals relating to activity, outdoor adventure and soft-adventure tourism.
- Gordon Deegan