towerslover101
TS Member
Seems like Varney was right, he's going to be sat there today with a smug smile stroking his cat saying "exxxxxxxxxxxcellent"
Its still getting press coverage in Kent. Apparently lots have gone to seen the plans. Has anyone else seen them?
http://www.bbc.co.uk/news/uk-england-32562722
The Economist said:Bumpy rides ahead
A surprising investment boom for an industry still not over the last slump
THE Swanscombe peninsula, a wasteland strewn with rubbish south-east of London (pictured), draws few tourists. But if all goes according to a plan announced on April 27th, by 2020 throngs of them will be coming to visit London Paramount, a film-and-television theme park costing £2.5 billion ($3.8 billion). The theme-park business, which earns annual revenues of $7.5 billion in western Europe, is attracting other new entrants. Last July Cinecittà, an Italian film studio, opened its first theme park near Rome. And a giant theme park and resort with 15,000 hotel rooms, also based on Paramount Pictures’ films, is due to open in south-eastern Spain next year.
The developers’ enthusiasm is surprising, given the poor performance of Disneyland Paris, Europe’s largest theme park. Hit hard by the recession and heavily debt-laden, its owner, Euro Disney, last turned a profit in 2008. In October it had to ask shareholders to approve a €1 billion ($1.3 billion) recapitalisation plan. On May 5th it said its losses had shrunk slightly, to €119m, in the six months to March. Such financial woes can be seen across the industry. PortAventura, near Barcelona, the only Spanish theme park making money, said in November that its profits had fallen year on year by 18% to just €13m.
To balance the books, parks are trying to get visitors to spend more rather than seeking to attract greater numbers. Merlin Entertainments has built new hotels at Legoland and Chessington in Britain, and at Heide Park in Germany. Others are trying to appeal to richer consumers. Last month PortAventura opened its first five-star hotel. Since 2012 Disneyland Paris has spent more than €400m smartening up. Burger joints have been joined by new gourmet restaurants. Expensive new rides that take guests on different routes each visit, such as “Ratatouille”, named after a film of the same name, have been opened. And Euro Disney says it has stepped up efforts to market the resort to wealthy Russians and Arabs, who may pay $10,000 or more to stay in the resort’s best hotel suites and enjoy VIP park tours.
According to Euromonitor, a research firm, theme-park visits in Europe have stayed flat since 2011. But its analysts think the strategy of trying to squeeze more out of each visitor will produce returns, and that the industry’s revenues will rise twice as fast as footfall over the next three years.
That does not mean it makes sense to build more parks. London Paramount hopes to draw 15m thrill-seekers a year, but Mintel, another research outfit, reckons that all Britain’s theme parks together will not get more than 17m. The park’s developers may be pinning their hopes on the rising numbers of Asian visitors to Britain. But with Paramount, Disney and Legoland all planning new parks in Asia, it is unclear why people would travel so far for something they can enjoy closer to home.
One reason such grand designs are still on the table is state help. The EU has contributed €16m to Paramount’s new park in Spain. Russia’s government is helping to finance a nationalist-themed park near Moscow. But official handouts are no guarantee of success: 70% of the 2,500 theme parks built in China, many with generous state help, have closed down or are losing money. Their derelict rides and overgrown landscapes should serve as a warning for overambitious developers in Europe.
To balance the books, parks are trying to get visitors to spend more rather than seeking to attract greater numbers.
Others are trying to appeal to richer consumers.
Looks like it's going to happen, sorry Nick Varney.
London Paramount said:In the months following the fourth stage of public consultation in summer 2015, the London Paramount team has embarked on a busy period of addressing all the issues raised including carrying out further transport and environmental studies in the local area, along with a comprehensive business and masterplan review.
David Testa, CEO, London Paramount, said:
“We have and will continue to carry out further environmental and transport studies to guarantee a robust Development Consent Order application, ensuring we get both the business and masterplan right while giving consideration to matters raised during the consultation process. In light of our ongoing studies and detailed discussions with the Planning Inspectorate and local authorities, we have decided to give ourselves a bit more time to do this and to revise our submission date for the Development Consent Order. It is critical that the application for London Paramount is comprehensive when we present it to the Planning Inspectorate and so we have decided to submit the application in mid-2016. This will see the Entertainment Resort open in 2021.”
Environmental studies
As an important element of the Development Consent Order process, London Paramount is undertaking an extensive range of environmental studies. The studies will be reviewed by the statutory consultees including the local authorities, the Environment Agency and Natural England as part of an emerging Environmental Statement. This will highlight areas of mitigation, such as an Environmental Management Plan dealing with the construction and operation of the Resort.
Transport and traffic studies
Traffic and transport has been a crucial element of the public consultation on the London Paramount Entertainment Resort, which has been on-going since July 2014. The site has excellent public transport links and those visiting London Paramount will benefit from its proximity to Ebbsfleet International Station (with 17 minute-links to London and less than two hours to Paris), local train stations, bus routes, water access and the potential for Crossrail.
To manage the impact on the local road network, London Paramount is proposing to build a new dedicated access from the A2 into the Entertainment Resort that separates all visitor traffic from local traffic. The new road would be delivered before the opening of the resort in 2021. During construction, most materials will be delivered to site and waste removed from site using the river to avoid disruption on the local road network.
London Paramount is continuing to carry out extensive studies on the local roads to assess a wide range of possible scenarios including traffic movements from consented and proposed developments in the local area such as the Ebbsfleet Garden City and Lower Thames Crossing. The outcome of these studies will be included in the full Development Consent Order application that will be submitted to the Secretary of State.