MUSCLE SHOALS, AL (WAFF) - The DreamVision Company unveiled its plans for a $3.5 billion music-inspired theme park and resort destination, "DreamVision Soundscape," slated for completion in 2019 in Muscle Shoals.
DreamVision CEO Rick Silanskas said the park, along with a second theme park in Fort Worth, Texas, is being developed in a partnership with Muscle Shoals-based CEO, Provident Global Capital, LLC Bryan Robinson.
"We are very excited about our partnership with DreamVision and their team of proven industry leaders. Even more compelling is how DreamVision aligns with Provident Global Capital's core values and our mission of investing in companies that have a positive impact on society," said Robinson.
"Because of its role in music history, Muscle Shoals is a fitting site for the world's most ambitious, musically themed destination park and resort," Silanskas said at Wednesday's event.
The basis for the idea of the park is to celebrate the musical heritage of Muscle Shoals. The 1,400-acre park will pay tribute to the history of the Shoals area and spotlight several music genres.
Up to 20,000 jobs are anticipated to come from the arrival of the theme park, company leaders said.
The park will feature musically themed "neighborhoods" showcasing country, pop, gospel, jazz with all-age rides, such as "Soundscape Singing River," "Breaches," an extreme roller coaster,"Slide Guitar," a drop ride, and "Oceanica,"a domed water playground along with various performance venues. The destination will also include golf courses, hotels, retail and more, according to DreamVision.
DreamVision also announced a partnership with The Thomas Kinkade Company, a music division called DreamVision music and several other groups.
Robinson said funding is in place, and investors will be revealed at the groundbreaking.
Local leaders said if the project comes to fruition, it would be the biggest thing to ever hit the Shoals area, and they believe it would impact the rest of North Alabama.
Congressman Robert Aderholt issued a statement following Wednesday's announcement, saying, "It is always exciting when a new project is announced that promises to bring jobs, tourists and economic opportunity to the 4th District... I am eager to see how this project unfolds over the coming years and delivers on those promises."
However, the company's claim that they would move the Alabama Music Hall of Fame to the theme park raised eyebrows - and a word of caution from the Hall's Chairman of the Board of Directors.
"The Alabama Music Hall of Fame has not been engaged in moving our facility," said Bill Newton in a written statement, adding, "We are excited to discuss this opportunity with company leaders at DreamVision."