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Wednesday, October 10, 2018

Disputes Arise Between Partners of 'Bigger than Disneyland' $2 Billion Ohio Entertainment Park

Posted By on Wed, Oct 10, 2018 at 11:31 AM

click to enlarge COURTESY OF BLUE HORSESHOE VENTURES PRESS RELEASE
  • Courtesy of Blue Horseshoe Ventures Press Release

Remember earlier this summer when we reported that Delaware County outside of Columbus was about to be the home of a $2 billion entertainment park bigger than Disneyland and we all laughed thinking there's no possible way this will ever come to fruition?

We've got an update, and it's exactly the type of big-business drama you'd expect.

The team that originally proposed the entertainment park has apparently gone their separate ways, raising a lot of questions about who is moving forward on this 350-acre project.

Development company Blue Horseshoe Ventures announced on Tuesday that it is continuing the project — formerly known as Planet Oasis — without David Glimcher, the so-far public face of the project. However, Glimcher seems to believe he's still in charge on the project and claims to be moving forward with the plans he announced back in June.



Blue Horseshoe Ventures, founded by Tony and Alex Sekulovski, said in a news release they had "entered into discussions with David Glimcher about the possibility of Mr. Glimcher becoming one of the owners in the development group. While these discussions were taking place, Mr. Glimcher provided some limited assistance to the company. Since the company and Mr. Glimcher were unable to reach agreement on the terms of him becoming an owner, the company is moving forward without him."

That's not how Glimcher sees it, however, and told The Columbus Dispatch that these claims are "100 incorrect" and he has "retained counsel that’s dealing with the situation." Glimcher calls himself the chief executive officer of Blue Horseshoe Ventures and said, "Mr. (Tony) Sekulovski is no longer involved with the deal."

However, Blue Horseshoe Ventures’ spokesman, Ryan Stubenrauch, said the Sekulovskis, have a contract to buy the 350 acres and are also in contract with the other companies that have signed on to the deal ... as Blue Horseshoe Ventures.

The Columbus Dispatch reached out by phone to one of the major partners of the project, UltraStar Cinemas, and was told by UltraStar President Adam Saks, he had “no comment on the situation at this time” because he also was trying to make heads or tails of the wildly differing claims between Glimcher and Sekulovski.

On top of the split, Blue Horseshoe Ventures also announced a contest to change the name Glimcher locked up in a corporation created in May, Planet Oasis.

“This project will be the largest action sports and entertainment complex in Ohio and one of the largest entertainment and recreation destinations in the world,” Stubenrauch said in a news release. “We know the community will play a big role in making this dream a reality, which is why we want to develop a strong community partnership. That partnership starts with naming the project.”

Those interested can submit a name at BlueHorseshoeContest.com. The winner will receive a $1,000 Visa gift card and help cut the ribbon on opening day.

The amateur graphics and layout of the Blue Horseshoe website is only adding to the skepticism that this project will ever break ground. Which, if you believe Glimcher, will happen later this year. If you believe the Sekulovskis, that won't happen because the land hasn't been purchased, yet.

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