Martin's Fantasy Island is planning to bring two new rides to the Grand Island amusement park this summer, but whether it can receive a public-sector subsidy to help underwrite the investment remains up for debate.
For the third time in the past three years, Fantasy Island's parent company, Amusements of WNY Inc., is seeking an inducement package from the Erie County Industrial Development Agency to help finance the investment. This time, the agency's directors have questions that they want answered before they will vote on the package.
Fantasy Island is bringing a 140-tall vertical swing and circus menagerie ride to the park. The two rides represent an $850,000 investment that park officials say will keep it competitive with other nearby amusement parks and also help to drive more business. The IDA incentive package will save the company $74,375 in sales taxes.
The park is considered IDA eligible because it is a tourist attraction, as defined by state IDA legislation.
http://www.bizjournals.com/buffalo/s...l?surround=lfn
People who wonder if the glass is half empty or full miss the point. The glass is refillable.
I think Fantasy Island is going to need more then a swing to be completive. They need a new roller coaster or two. They already have the kid market locked down. With rising gas prices and an increase in tourism from Canada, FI could grow. Darien Lake is too far for a lot of people IMO.
Check Out My Blog
www.creedthoughts.gov.www\creedthoughts
For kids, you can't bet Fantasy Island---All I want is a midget who greets me at the front gate and I'd really be satisfied!
Peace Out Funky
I usually go to Fantasy Island every year. It hasn't changed for as long as I can remember. Even with the toll increase, we'll still go this summer.
Doesn't fantasy island pay property taxes?
I see no issue zeroing out the sales tax. They are not reselling the ride persay... just expanding what they have to offer.
Buffalo Web Hosting and Graphic Design
www.onlinemedia.net - www.vinyl-graphics.com
Web hosting / Web Design - Signs, Banners, Vehicle Graphics
See, now I agree with Collins, here.Originally Posted by WNYresident
The spirit of the abatements is supposed to be for companies, that without an enhancement, could leave the area.
Can you picture them relocating the amusement park?
If they weren't handing out "incentives" like candy I would agree. Fantasy Island I assume is paying thier full share of property taxes are they not? Acutally I would rather see no incentives at all. Everyone should get a break or no one.
Buffalo Web Hosting and Graphic Design
www.onlinemedia.net - www.vinyl-graphics.com
Web hosting / Web Design - Signs, Banners, Vehicle Graphics
No but I can see them closing down or cutting staff.
Check Out My Blog
www.creedthoughts.gov.www\creedthoughts
Weren't you a Collins supporter? I actually agree with his idea. He wants proof that they need it; isn't this the reason he got elected? All who accused me of having ulterior motives you can see I am fair.
"All government, -indeed, every human benefit and enjoyment, every virtue and every prudent act,- is founded on compromise..." -Edmund Burke
A lie can travel halfway around the world while the truth is putting on its shoes.
Mark Twain (1835 - 1910), (attributed)
Our enemies are innovative and resourceful, and so are we. They never stop thinking about new ways to harm our country and our people, and neither do we." —Washington, D.C., Aug. 5, 2004 George W. Bush
Reading way into my posts guy...
Check Out My Blog
www.creedthoughts.gov.www\creedthoughts
Perhaps he should have the ECIDA reconsider the Canisius Project?
“We in America do not have government by the majority. We have government by the majority who participate.” ― Thomas Jefferson
If they closed Fantasy Island it would this old abandon amusement park like in the movies, all creepy! I bet a lot of murders would happen there too, just like the movies.
You have a point, but what it comes down to is a handful of seasonal jobs.
Does Darien Lake get taxpayers money? Why should the County pay for a baby amusement park, when we have bigger fish to fry?
It probably did but it's in another county with a different IDA
There are currently 1 users browsing this thread. (0 members and 1 guests)
Posting Permissions
Reply With Quote