Surprisingly construction might be resuming soon on Six Flags Zhejiang's waterpark and/or theme park because a tender has been submitted for a construction crane lease...
Source: https://mp.weixin.qq.com/s/zu1ANKQ3m6VtBhg73QXU4g
Send your construction pics to content_at_themeparxdotcom
Surprisingly construction might be resuming soon on Six Flags Zhejiang's waterpark and/or theme park because a tender has been submitted for a construction crane lease...
Source: https://mp.weixin.qq.com/s/zu1ANKQ3m6VtBhg73QXU4g
Trading of Riverside Group's stock has been frozen. This is in the midst of major layoffs, lawsuits and construction shut downs. Remember the play area built next to Six Flag Zhejiang's preview center (http://www.themeparx.com/six-flags-china-parks/?p=12358#post12358)? It seems that in another recent lawsuit against Riverside, the company that manufactured and installed that play area was not sufficiently paid for more than half a year so that case is now in court.
Source: https://ihouse.ifeng.com/news/2019_12_23-52499222_0.shtml
Things seem to not be going so well with Riverside Group, the Chinese developer behind all of these Six Flags parks. Last week, Riverside released a statement addressing the company's status. To paraphrase the statement in English, they first blame a "depressed" real estate market. Then they talk about how some of their upcoming tourism projects are a light asset model, which will benefit Riverside Group long term and help with stability. Next they address the mass layoffs in which they talk about a "transformation" in which they begin to realize that the company has had some problems regarding the staff and management organizational structure. To deal with this they over the course of the past year have been "gradually" "optimizing and adjusting" the company's employee structure which includes "streamlining" which employees are at the headquarters. At the end of the statement Riverside Group expresses optimism for a "bright future".
According to a new article, which is also paraphrased to English here, up to 90% of Riverside Group's employees are or will be laid off and according to tourism industry "experts", Riverside Group is "dying". Riverside Group is facing legal troubles. Among the issues, the company is being taken to court constantly, for instance, a media company hired to make promotional material for the upcoming Six Flags park in Zhejiang was not properly compensated for their services and have taken Riverside Group to court seven times. Former employees of Riverside Group are complaining to reporters about not being fully paid while working there. Executives at Riverside Group are being accused of spending frivolous amounts of money on extravagant ski trips and parties while meanwhile the company has a large loan due for payment next month which will go unpaid and become overdue. The reporters for the article visited the construction site of Six Flags in Zhejiang. They claim that the construction site has been abandoned with no work taking place:
Sources: https://mp.weixin.qq.com/s/Mm1lHIrgMdS5c-RrwEUsjw and https://mp.weixin.qq.com/s/K0zhFEf-NIKSAs6Jxwunzw and https://tech.sina.com.cn/roll/2019-12-17/doc-iihnzhfz6435833.shtml
Any update pictures for Six Flags Hurricane Harbor Zhejiang project??
Great new photos of Six Flags Hurricane Harbor in Zhejiang:
Source: https://mp.weixin.qq.com/s/PSMIpJ10GcrAOprkC9cFwQ
Six Flags Hurricane Harbor in Zhejiang
Source: https://m.weibo.cn/status/4412534033428326
Six Flags announced on their website that the water park is opening in July 2020.
https://content.sixflags.com/haiyan/about-the-park/Six Flags is to open in July 2020 its first water park in China. The upcoming water park is part of Six Flags’ efforts in developing the Zhejiang Riverside Themed Town, which the company hopes will become a world-class tourist resort.
Aerial video of the construction progress: http://www.ihytv.com/folder1/folder2/folder48/2019-08-16/37980.html?_hgOutLink=vod/newsDetail&id=37980
Lots of progress on Six Flags Hurricane Harbor waterpark in Zhejiang:
Sources: https://m.weibo.cn/status/4404745764081776 and https://mp.weixin.qq.com/s/uKlH_T15fMagPRicOUjbQw
Fast forward to 1:52 to see great drone footage of Six Flags Hurricane Harbor in Zhejiang:
You can also see the theme park in the back which seems to be on the back-burner. The Paramount Hotel has been topped off.