I-Drive Live Project: Why is Nothing Happening Yet?
We recently drove by the future site of the great I-Drive Live project, and to our surprise... nothing seemed to have changed. There was nothing going on there, and everything looked the same. No construction, no walls. Nothing at all. Another thing that preoccupied us even more was the fact that the official Merlin Annual Pass Facebook page (LINK) recently removed an image that showed the three new attractions coming to Orlando. This was the former cover photo for their Facebook page:
that map recently changed to this (notice the three stars missing in Florida):
This doesn't sound right, does it? Fortunately, our friends over at Screamscape.com gave us an interesting update that should relieve us all, as it looks like work should be starting soon (finally):
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Orlando Eye / Madame Tussauds / I-Drive Live - (June 21, 2012) According to one source, we should see construction kick off on both I-Drive Live and the I-Shops projects sometime in the next few months. According to another, construction is said to begin in full force before the end of July. Our sources tell us the latest construction timetables have the opening for the first sections of I-Drive Live between Fall 2013 and Spring 2014, though the planned attractions will not be ready until at least Spring 2014.
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At this point, we can all just hope that work will begin next month. We will continue to keep you informed on this very interesting subject. Of course, if you have any new information, don't hesitate to share those with us! We would really appreciate your help!
I feared something like this would happen when i heard Legoland was offering ticket deals.
ReplyDeleteThe attendances at Legoland Florida are probably not meeting Merlin's expectations (in the majority of your Legoland photo updates, the park has looked EMPTY)
Maybe this has caused Merlin to have had a rethink with regards to Orlando investments and the I-Drive Live project has been put into cold storage - for the time being at least.
Its a pity because the Madame Tussauds and Orlando Eye offered something new (the sealife centre was too big a gamble so close to Seaworld imo and didn't really offer anything new)
Hopefully Merlin are merely rethinking what to offer and will make an exciting announcement soon (though I'm not holding my breath!)
On the contrary, reports are that LLF is wildly exceeding expectations earning several million dollars rather than lose some as they thought they would. The park is pretty spread out so it's easy to take shots of what looks like an empty park. Go on a Saturday if you like crowds.
ReplyDeleteThey are holding back the I-drive project for other reasons. Probably because it would get easily lost with all these new WDW and UNI and Sea World updates.
Maybe they are going to build them next to the Legoland park and hotel in Florida to extrend visits.
ReplyDeleteFunding has been going through Circle Entertainment CEXE on a regular basis
ReplyDeletehttp://sec.gov/Archives/edgar/data/1410402/000135448812003177/cexe_def14c.htm
Unsecured Demand Loans
On March 3 through March 8, 2011, certain of the Company’s directors, executive officers and greater than 10% stockholders made unsecured demand loans to the Company totaling $900,000, bearing interest at the rate of 6% per annum.
On April 27 through May 4, 2011, certain of the Company’s directors, executive officers and greater than 10% stockholders made unsecured demand loans to the Company totaling $500,000, bearing interest at the rate of 6% per annum.
On June 8 through June 9, 2011, certain of the Company’s directors, executive officers and greater than 10% stockholders made unsecured demand loans to the Company totaling $600,000, bearing interest at the rate of 6% per annum.
On July 7 through July 12, 2011, certain of the Company’s directors, executive officers and greater than 10% stockholders made unsecured demand loans to the Company totaling $900,000, bearing interest at the rate of 6% per annum.
On August 5 through August 10, 2011, certain of the Company’s directors, executive officers and greater than 10% stockholders made unsecured demand loans to the Company totaling $1,000,000, bearing interest at the rate of 6% per annum.
On September 15 through September 20, 2011, certain of the Company’s directors, executive officers and greater than 10% stockholders made unsecured demand loans to the Company totaling $750,000, bearing interest at the rate of 6% per annum.
On October 14 through October 18, 2011, certain of the Company’s directors, executive officers and greater than 10% stockholders made unsecured demand loans to the Company totaling $1,500,000, bearing interest at the rate of 6% per annum.
On December 15 through December 16, 2011, certain of the Company’s directors, executive officers and greater than 10% stockholders made unsecured demand loans to the Company totaling $900,000, bearing interest at the rate of 6% per annum.
On January 30 through January 31, 2012, certain of the Company’s directors, executive officers and greater than 10% stockholders made unsecured demand loans to the Company totaling $750,000, bearing interest at the rate of 6% per annum.
On March 8 through March 13, 2012, certain of the Company’s directors, executive officers and greater than 10% stockholders made unsecured demand loans to the Company totaling $600,000, bearing interest at the rate of 6% per annum.
On April 10 through April 16, 2012, certain of the Company’s directors, executive officers and greater than 10% stockholders made unsecured demand loans to the Company totaling $750,000, bearing interest at the rate of 6% per annum.
On June 7 through June 11, 2012, certain of the Company's directors, executive officers and greater than 10% stockholders made unsecured demand loans to the Company totaling $450,000, bearing interest at the rate of 6% per annum.