Link: Casa Grande Valley Newspapers Inc..
"This makes us about $850 million shy of breaking ground," Eloy City Manager Joe Blanton quipped Monday. The promoters need to raise $100 million of their own money and sell $750 million in revenue bonds to build the 240-acre park. "It was a huge hurdle for them," Blanton said. "Now they can hit the ground running, raise money and start designing the park." Decades publicist Jason Rose said the next step will be for Decades' principals to call the Eloy city manager and schedule an appointment to talk about what comes next, including: -- "More robust discussions" with capital markets - the people and institutions who loan money and buy bonds. -- "More robust discussions" with licensing agents for the musical artists whose work is to be incorporated into the park. -- Final agreements with the Fender Musical Instruments Corp., legendary concert promoter Danny Zelisko and Golub & Company, an international real estate investment and development company responsible for the John Hancock Center in Chicago, the Warsaw (Poland) Financial Center, the Atrium at Nevsky 25 in St. Petersburg, Russia, and the Scottsdale Waterfront, among other things. -- Petitioning the Eloy City Council and the state to establish a regional attraction district board. The governor, speaker of the Ho
