Main Street America Grayling, Michigan
Proposed Theme Park - (4/11/08) The local news reports that Axiom Entertainment is getting closer to finalizing their financial requirements for the Main Streeet America theme park they hope to build in Grayling. The plan is to meet with state officials, with written agreements in tow, within a couple of weeks. (12/6/07) State officials have put up a roadblock to the proposed Main Street America theme park proposal as they want proof that the developers have the finances to fully build the project before they will sell them the property. Axiom reports that they are working on putting together the financial plan to satisfy the requirements. (11/9/07) A small update on Main Street America can be found here. (10/25/07) The project manager of the Main Street America park project has told officials that they will not require a bond from the county to help finance the park. The project will be funded with $60 million in equity partners and another $100 million in financing from banks and investors. They are asking the state to provide $11 million in improvements to the area and to look into incentives. The next step is to obtain the land from the state and then we’re looking at a 24-30 month construction timetable to open the park. (9/4/07) A general news update about the Main Street America project planned for Michigan can be found here. (8/2/07) After a public meeting between Axiom Entertainment and Grayling Township (Michigan) about their proposed theme park plans, the Township approved the preliminary plan so that the project can move forward to the next step on their long road to building their huge resort project. (5/30/07) Last December we reported the news about an 1,800 acre land deal for a new theme park in Michigan, the developers have come forward to talk about the park itself. They're calling it Main Street America and for a limited time you can catch a local news report about the project here (click on Watch Video). From what I could catch in the report, the $160 million theme park project was unanimously approved by the township and would be open Year Round in one form or another. The theme of one area was Winter Wonderland that would be lighted at night. The park will have roller coasters of course as well as a water park where they proposed to call one slide “Au Sable River Run”. The park will also have a “race track” which will be turned into a Snow Mobile track in the winter months. Unfortunately, that’s about all the information I was able to dig up right now. More as we uncover it. (12/20/06) A 1,800 acre piece of land off I-75 south of Grayling has been entered into an exclusive land deal worth $160 million with Axiom Entertainment. The company has the sole right to buy the property for the next two years but at this point they have not submitted any proposals about exactly what they will do with it. Read more here.
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