- October 1st, 2013, 2:46 pm
#52753
e City Council of the City of Charlotte met in closed session on Monday June 24, 2013 in room CH-14 of the Charlotte-Mecklenburg Government Center at 6:18 p.m. with Mayor Anthony Foxx presiding.
Present were Councilmembers: John Autry, Michael Barnes, Patrick Cannon, Warren Cooksey, Andy Dulin, Claire Fallon, David Howard, Patsy Kinsey, James Mitchell, LaWana Mayfield and Beth Pickering.
Staff present during the Closed Session: Stephanie Kelly, City Clerk; Bob Hagemann, City Attorney; Ruffin Hall, Assistant City Manager; Ron Kimble, Deputy City Manager; Ron Carlee, City Manager; Eric Campbell, Assistant City Manager; Julie Burch, Assistant City Manager; Peter Zeiler (N&BS Economic Development); Pat Mumford, KBE N&BS Strategic Support and Brad Richardson, Manager, N&BS Economic Development.
Motion was made by Councilmember Mayfield and seconded by Councilmember Cannon and carried unanimously to adopt a motion pursuant to NCGS 143-318.11(a)(4) to go into closed session to discuss matters relating to the location of an industry or business in the City of Charlotte, including potential economic development incentives that may be offered in negotiations.
Peter Zeiler, Charlotte N&BS Economic Development said we are here tonight with another business investment program grant opportunity for the City of Charlotte in combination with Mecklenburg County. This is for a company called Cedar Fair Southwest, Inc.; I think you may better know them for their ownership at Carowinds Amusement Park down off of I-77. This one is a little different. It’s outside of the typical parameters of our program. We wanted to make sure that we brought this to you to give you the opportunity to have a full robust discussion on it.
Cedar Fair Southwest is a publically traded company with 11 theme parks with annual revenue of $1.1 billion and over $23 million annual … We have 11 park locations including four that have attendance of more than $3MM per year. Those are actually ranked 14th, 15th, 16th and 17th out of the 20th largest theme parks in the United States. Two are in Ohio, one is in California and one is in Toronto. They own Carowinds as I mentioned earlier. They also own Kings Dominion which is in Richmond Virginia and both of these parks have an annual attendance of right around $1.9MM annually.
Cedar Fair is looking to establish a large park to push to the 2.5-3 million annual guest range somewhere in the southeast and their target expansions are going to either be Carowinds or Kings Dominion. If they were to select Carowinds as their large southeast park, the first phase would consist of $43.5MM of investment. The first $30MM of that would be in a new 300 foot tall rollercoaster. For comparison, the Intimidator, which you can see from I-77, is 230 feet. They would include a $2.5MM water slide, a $7MM food complex and a $4MM ticket booth and parking field improvements. Much of what you will approach and see as you come to Carowinds now, would be completely reconfigured and moved out into where some of their parking field currently is. $33.1MM of this investment will be in Mecklenburg County within the business investment zone. The other $10.4MM will be in York County. Just as a reminder, Carowinds is 398 acres right now between the land they currently own and is undeveloped plus the land that is developed as the park. About 220 acres of that is in South Carolina. The remainder is in North Carolina.
This map gives you a sense of where the facility would be. The yellow line is the state line between North Carolina and South Carolina and this would be the new rollercoaster feature here. The water slide and the food facilities would be here, some of it extending over into South Carolina. This white building right here is their current front gate and ticketing. This is what would be reconfigured and expanded out towards here.
Councilmember Andy Dulin said excuse me sir, that white building is the Amphitheater. The state line goes through the front gate.
Mr. Zeiler said you’re right. This shows where the general location of the rollercoaster would be. This is an example from their Cedar Point Park, which is known as America’s Rollercoaster. This is an example of the type of facility that would be created. This is actually the front gate and ticketing for Cedar Point. This ride opened up this year and you will see that it actually goes
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