Dream over for capital's amusement park

[geovalin]

Sor Chandara

Dreamland, the Kingdom’s biggest amusement park, has announced it will close at the end of the month when its five-year lease expires to make way for a colossal twin tower skyscraper set to rise in its place, a member of its management committee said yesterday. “We are closing at the end of February because our contract is ending and will not be renewed,” he said on condition his name was not published. “I deeply regret that what we have built will be lost, but there is no choice but for us to shut down.”

The amusement park opened in 2011 on a 5-hectare lot opposite the NagaWorld casino in the capital’s Chaktomuk neighbourhood. KNN Cambodia Co Ltd said it sank $10 million into developing the theme park, which features a ferris wheel, water park, bumper cars and over a dozen rides. But with its lease coming to an end, the property owner – Thai Boon Roong Co Ltd – has said the land will be used as the site of a 133-storey twin-towered commercial building, which if ever constructed would join the ranks of the world’s tallest manmade structures.

read more: http://www.phnompenhpost.com/business/dream-over-capitals-amusement-park

[sanukjim]

They put that much in an investment and only had a 5 year lease ? Can't wait to invest with this team on another project.

[Khon Kaen Dave]

Errrm, not to be a harbinger of doom,but isn't the description 'twin towers' being a little on the risky side?

[Bkungbank]

Without proper roads,healthcare,education what is the reason to tallest building.

[easton]

Without proper roads,healthcare,education what is the reason to tallest building.

More office space for NGO's.