According to the official Premursa website, the project is not dead yet:
Premursa Theme Park, developing company of Paramount Park project, has received the positive rating from the Regional Incentives Board, under the Ministry of Finance and Public Administrations, regarding the application presented las February in order to obtain a grant by virtue of which the company led by Jesús Samper would receive 16.9 million Euros for the construction of the ambitious project located in Alhama de Murcia.Posted 25 November 2015.On June 13, the Regional Incentives Board, under the Ministry of Finance and Public Administrations, informed the developing company of the project about the positive rating given enabling the grant of 8% of the investment deemed eligible, amounting to 16.9 million Euros.
This notice points out the decisive support that, within the strategic framework of grown in which tourism plays a crucial role, the Region of Murcia and the Spanish government are giving to a project that will have a huge impact in the economic and job creation development in such region.
Source:
http://www.premursa.com/?p=2881&lang=en