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November 2, 1999

Developer Unveils Plan For New California Theme Park

Los Angeles, CA -- Studio Park Partners Inc. a group of Florida developers announced its plans to build a 1,000 acre resort, movie studio, theme park and retail entertainment center in Santa Clarita valley.

The proposed project named Studio Park includes a major movie-based theme park, three hotels, a conference center, golf course, working soundstages and movie production facilities. The project is estimated to cost around $2.1 billion.

The partnership is led by Bob Winford, President and Chief Executive Officer. According to the group Winford was a part of the Universal Studios Florida opening team.

Last week Studio Park Partners confirmed that they have not selected a final site for the project. But the group has been talking to four different land developers in Southern California.

The theme park proposal states that Studio Park will draw an estimated 11-million visitors per year. The design of the theme park will incorporate a studio theme, with major licensed movie-based attractions.

According to the executive summary, Studio Park will be located 25 minutes north of Hollywood, accessible from the Antelope Valley (Hwy 14) and Golden State (Interstate-5) freeways.

If the summary is correct Studio Park may be built near Six Flags California, which comprises Six Flags Magic Mountain theme park and Six Flags Hurricane Harbor water park. Studio Partners said that they do not intend to compete directly with Six Flags, but instead hope that their park will compliment what Six Flags has to offer.

The partners are currently looking for investors for the project. According to the group the final plans for the project will be unveiled when the group secures the necessary financing. The theme park's grand opening is slated for 2005.