Hollywoodland: Proposed Middletown development to include amusement park
Updated: 11:23 AM EDT Oct 5, 2021
A proposed $1.3 billion so-called "super development" would transform downtown Middletown, bringing in an indoor amusement park, concert venue, multiple hotels and a movie studio. Dubbed Hollywoodland, the mixed-use development would be the first of its kind in the nation and span more than 50 acres along the Great Miami River. The city of Middletown City Council will vote to approve an ordinance authorizing a purchase, sale and development agreement with Main Street Community Capital LLC. That vote is slated for Oct. 21, following a Tuesday presentation on the entertainment district from Main Street Community Capital LLC and their development partners.The new development is expected to include: A first-class destination hotel and attached, publicly-owned convention center with rooftop bar, themed restaurant(s) and assorted amenities.A second family-oriented hotel and water park.A third boutique hotel located within the adaptively redeveloped First National Bank building.A major indoor entertainment and concert venue for large, nationally and internationally acclaimed artists and touring Broadway productions.An indoor amusement park containing multiple themed entertainment-based rides, virtual reality experiences, immersive entertainment opportunities and integrated retail, food and beverage.Structured and integrated underground deck-based parking (publicly-owned) of no fewer than 3,000 spaces.On-site mid-rise luxury apartment units and/or condominiums.A permanent pre-and post-production motion picture studio sound stages and support offices and infrastructure.Multiple restaurants, bars, brew-pubs and cafes, and a likely comedy club.Integrated fashion, electronic, lifestyle, convenience and recreational retail.City officials say the development would create thousands of new jobs, and over $1 billion in private investment, drawing an estimated 3.5 million yearly visitors to Middletown. “This will be a transformational redevelopment opportunity for Middletown that came out of a redevelopment study for our riverfront property. It will encompass over 50 acres of our historic Downtown,” city Manager Jim Palenick said. “It is a once-in-a-lifetime opportunity to take full advantage of a myriad of local, city, state and federal incentives we have found a way to access, and in turn, and change the future of our city.”If approved, the city will utilize $7.5 million of American Rescue Plan Act funds toward pre-construction design, engineering, financial structuring and other pre-closing, due-diligence efforts.
A proposed $1.3 billion so-called "super development" would transform downtown Middletown, bringing in an indoor amusement park, concert venue, multiple hotels and a movie studio.
Dubbed Hollywoodland, the mixed-use development would be the first of its kind in the nation and span more than 50 acres along the Great Miami River.
The city of Middletown City Council will vote to approve an ordinance authorizing a purchase, sale and development agreement with Main Street Community Capital LLC.
That vote is slated for Oct. 21, following a Tuesday presentation on the entertainment district from Main Street Community Capital LLC and their development partners.
The new development is expected to include:
- A first-class destination hotel and attached, publicly-owned convention center with rooftop bar, themed restaurant(s) and assorted amenities.
- A second family-oriented hotel and water park.
- A third boutique hotel located within the adaptively redeveloped First National Bank building.
- A major indoor entertainment and concert venue for large, nationally and internationally acclaimed artists and touring Broadway productions.
- An indoor amusement park containing multiple themed entertainment-based rides, virtual reality experiences, immersive entertainment opportunities and integrated retail, food and beverage.
- Structured and integrated underground deck-based parking (publicly-owned) of no fewer than 3,000 spaces.
- On-site mid-rise luxury apartment units and/or condominiums.
- A permanent pre-and post-production motion picture studio sound stages and support offices and infrastructure.
- Multiple restaurants, bars, brew-pubs and cafes, and a likely comedy club.
- Integrated fashion, electronic, lifestyle, convenience and recreational retail.
City officials say the development would create thousands of new jobs, and over $1 billion in private investment, drawing an estimated 3.5 million yearly visitors to Middletown.
“This will be a transformational redevelopment opportunity for Middletown that came out of a redevelopment study for our riverfront property. It will encompass over 50 acres of our historic Downtown,” city Manager Jim Palenick said. “It is a once-in-a-lifetime opportunity to take full advantage of a myriad of local, city, state and federal incentives we have found a way to access, and in turn, and change the future of our city.”
If approved, the city will utilize $7.5 million of American Rescue Plan Act funds toward pre-construction design, engineering, financial structuring and other pre-closing, due-diligence efforts.
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