Area brokers intimate with the deal and city planners tellGlobeSt.com that developer Bill Geary's Carlsberg Management Co.couldn't close on a previously contracted deal to buy the shutteredAdventure Landing water park, north of Main Street, for $2.3million. The transaction with seller Adventure Entertainment Co. ofJacksonville, FL fell through because of funding problems, sourcestell GlobeSt.com.
Geary is also negotiating to buy the boardwalk's pier from localowner Theresa Doan for $3 million, as GlobeSt.com previouslyreported. That deal has been pending since May of this year.
Through Carlsberg and his other company, Boardwalk ConventionHotel Partners Ltd., Geary plans to build two 250-room hotels, anundetermined number of timeshare units, carnival rides, an arcadeand about 50,000 sf of retail-restaurant space on the beach side,north of Main Street.
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