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Ratanga Junction, an amusement park in Century City, Cape Town, will close for redevelopment on April 30.
This was confirmed by Rabie Property Group.
Rabie Director, John Chapman, said although it was at an embryonic stage, he envisaged that the redevelopment would “embrace the existing canals, islands, and public open space, and include residential apartments, offices, hotels, restaurants and convenience retail,” according to IOL.
Chapman said the theme park had been majorly over-designed for the Cape Town market.
“The oversized facility, lack of consistent demand for a theme park, seasonal weather, expensive maintenance and running costs, as well as the ageing equipment, had all contributed to an unprofitable facility when we acquired it.
“Since then we have downsized the operation, closed the park during off season, added an all-year-round conference facility, and managed the theme park. However, this is not sufficient to justify its continued existence, because rides need to be renewed and revenue cannot support the high capital costs.”
Sоurсе: tourismupdate.co.za