Great Moments In Capitalism
April 24th, 2008at 09:42pm Posted by Eli
What could possibly go wrong? Hey, maybe they should clone some dinosaurs while they’re at it, to really lock in the excitement.
[Llewellyn] Werner, chairman of C3, a Los Angeles-based holding company for private equity firms, is pouring millions of dollars into developing the Baghdad Zoo and Entertainment Experience, a massive American-style amusement park that will feature a skateboard park, rides, a concert theatre and a museum. It is being designed by the firm that developed Disneyland. “The people need this kind of positive influence. It’s going to have a huge psychological impact,” Mr Werner said.
(…)
Mr Werner, who has been sold a 50-year lease on the site by the Mayor of Baghdad for an undisclosed sum, says that the time is ripe for the amusement park. “I think people will embrace it. They’ll see it as an opportunity for their children regardless if they’re Shia or Sunni. They’ll say their kids deserve a place to play and they’ll leave it alone.”
Riiiight. That’ll totally happen.
The project will cost $500 million (£250 million) and will be managed by Iraqis. Under the terms of the lease, Mr Werner will retain exclusive rights to housing and hotel developments, which he says will be both culturally sensitive and enormously profitable. “I wouldn’t be doing this if I wasn’t making money,” he said. “I also have this wonderful sense that we’re doing the right thing – we’re going to employ thousands of Iraqis. But mostly everything here is for profit.”
Wow, what a humanitarian. I’m all verklempt.
The park’s most popular attraction will be Not-Getting-Shot-At-Land, but I hear they’re having some trouble constructing it.
(h/t MoJo)
