About Civil.ge
Eng | Geo | Rus
Last updated: 10:55 - 1 May.'18
RSS
Mobile
Twitter
Facebook
Saakashvili Visits Disputed Amusement Park
Civil Georgia, Tbilisi / 4 Mar.'09 / 18:02

The Mtatsminda park, one of the hallmarks of Tbilisi overlooking the capital, will be reopened in April, seventeen months after it was closed down by the authorities.

The park, which was once operated by late tycoon Badri Patarkatsishvili’s firm, Lynx Ltd, is now controlled by UAE’s RAS Al Khaimah (RAK) emirate’s real estate developer, Rakeen Georgia.

President Saakashvili, who visited the part on March 4, said that years ago, when he decided to lease the park “it was not right decision.” “Because the park remained closed for several years and people could not enter into the park,” he said. “This is one of the best amusement parks in the world.”

The Mtatsminda park was initially leased for 49 years by Lynx Ltd and according to the company it had invested USD 25 million in the development of amusement park before it was closed down on November 7, 2007 – the day when the police break up anti-governmental protest rallies, supported by Patarkatsishvili. The Tbilisi municipality cited violation of leasing terms behind the seizure of the property – the allegation denied by Lynx Ltd. In September, 2007, the renovated park with new amusement installations had so called ‘soft opening’ according to its former operator company the park hosted about 80,000 visitors before it was close down.

In July 2008 Rakeen Georgia signed an agreement with the Tbilisi city municipality on leasing the park for a 49-year term on condition of payment of GEL 300,000 per annum to the municipality. RAK Georgia Holding to which Rakeen Georgia is an affiliate company, took over majority shares of the Imedi radio and TV holding - the asset ownership of which is also claimed by the Patarkatsishvili family.

Latest News
01 May.'18 10:55
We Have Moved to a New Platform
Direct Your Bookmarks to https://civil.ge.
29 Apr.'18 03:54
Ruling Party Candidate Wins MP By-Elections
Givi Chichinadze will represent Vani and Khoni single-mandate constituency in the Parliament of Georgia.
28 Apr.'18 09:40
Polls Open for Vani and Khoni MP By-Elections
48,123 voters are eligible to cast their ballots in Vani and Khoni single-mandate constituency.
27 Apr.'18 17:23
State Dept’s Europe Affairs Point Man to Visit Tbilisi
Wess Mitchell will meet senior government officials and address the NATO-Georgia Public Diplomacy Forum.
27 Apr.'18 13:45
In Quotes: Georgian Politicians on Ex-PM Bidzina Ivanishvili’s Comeback
Bidzina Ivanishvili will be approved as the Georgian Dream party chairman at the upcoming convention.
26 Apr.'18 18:15
SG Jens Stoltenberg: Georgia NATO’s ‘Very Close’ Partner
The NATO Secretary General says Foreign Ministers meeting tomorrow will recognize the country’s progress.
26 Apr.'18 14:24
Ex-PM Ivanishvili to Chair Georgian Dream Party
Prime Minister Giorgi Kvirikashvili said Ivanishvili was ‘best equipped’ to add new dynamism to the party.
26 Apr.'18 11:12
Lawmaker Proposes Criminal Liability for ‘Insult of Religious Feelings’
The parliamentary human rights committee decided to set up a working group for scrutinizing the draft law.
25 Apr.'18 17:21
New Abkhaz Government Head Appointed
Gennady Gagulia has served as the Abkhaz “prime minister” twice - in 1995-1997, and 2002-2003.
25 Apr.'18 14:43
Watchdog Improves Georgia’s Press Freedom Ranking
None of the countries of the former Soviet Union (except the Baltics) are ranked ahead of Georgia.

About Civil Georgia
Civil.Ge © 2001-2018, Daily News Online
Registered office: 2 Dolidze Str, 4-th Floor.
42