Amusementtrader.com

According to Civil Georgia, Rakeen, the real estate development arm of the UAE’s Ras Al Khaimah emirate, has taken over the Mtatsminda amusement park in Tbilisi .
Rakeen Georgia has confirmed that it signed an agreement with the Tbilisi city municipality in June on leasing the park, overlooking the capital, for a 49-year term. The company will pay GEL 300,000 per annum to the municipality.

The Georgian authorities seized the park last November from Lynx Ltd, a company wholly owned by late tycoon Badri Patarkatsishvili , after Tbilisi city municipality canceled a 49-year leasing contract with the company, claiming that Lynx Ltd had “violated numerous times” the terms of the contract.

The park, which had a so-called ‘soft opening’ last September, was forced to cease operations on November 7, 2007.

Salford Georgia, which managed Patarkatsishvili ’s assets in Georgia, denied the municipality’s allegations and said in November that it would “continue to defend its rights under its contract” as well as USD 25 million it had invested in the park’s rehabilitation since 2005.

Salford Georgia has declined to comment on the new leasing contract between Rakeen and Tbilisi city municipality.

Machinery demolishes the Jet Stream rollercoaster at Rhyl’s funfair to make way for a new complex of shops

Recommended for ages 3 and up, although with a 38″ length and a maximum rider weight of 55 lbs., budding racers may outgrow it by their 6th or 7th birthday..

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Dorney Park and Wildwater Kingdom is getting a new roller coaster for the 2008 season, and amusement-park fans think they know which one it is.

Last week, the South Whitehall park got township approval for minor zoning changes that will allow it to build a coaster. The ride would be 184 feet tall and would be powered by a linear induction motor, a type of motor used in rapid-transit trains and conveyor belts as well as amusement rides. By comparison, Dorney’s Dominator free-fall thrill ride is 200 feet tall. more

What could a Chinese dumpling maker and Mexican telecom mogul possibly have in common? They’re among a record number of wealthy people who held the title of billionaire over the past year. The tally of billionaires around the globe reached a high of 946, their combined wealth growing 35 percent to $3.5 trillion, according to Forbes magazine.

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On October 30, 1961, the most powerful weapon ever constructed by mankind was exploded over the island of Novaya Zemlya in the Arctic Sea. The device was code-named “Ivan,” and it was a multi-stage hydrogen bomb which was built in only fifteen weeks by engineers in the USSR, using off-the-shelf nuclear weapon components.

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