Theme Park to Rise in SRP (May 2006)

Despite the political and economic crises hounding the country today, hotel developer and operator J. King and Sons Co. Inc. (JKSCI) remains confident in the country’s economy, as manifested by its investment plans on diverse businesses in the coming years. 

Aside from its hotel and condominium projects in Cebu, JKSCI also plans to construct a three-hectare water theme park—the first of its kind in Cebu—at the South Road Properties (formerly south reclamation project), JKSCI chairman Richard King said. 

He said JKSCI is now talking with Cebu City Mayor Tomas Osmeña on the water theme park project, which King estimated to cost the company some $4 million. 

“(If the talks between Mayor Osmeña and JKSCI succeed), JKSCI will build a water theme park that is like, if not better than, the Enchanted Kingdom and Splash Island,” King said. 

“And because our (JKSCI) vision is to let the Cebuanos, especially the middle income group, experience the good life, we will make the fees very affordable,” he added.