The developer of the new 420-foot Starflyer spinning swing planned off of International Drive expects to finance the estimated $5 million project through his own equity and private investors, the company's president told GrowthSpotter.
"We'll be funding the project ourselves at this point, and maybe utilize private relationships to supplement our own equity," said Ritchie Armstrong, developer and head of Orlando Starflyer LLC, a new company created to operate the attraction.
The world's largest swing ride is planned for the Vue at 360, a development project on the site known as Gooding's Plaza, near the intersection of International Drive and Jamaican Court.
The project requires an amendment to the Gooding's Plaza P.D. ("Planned Development") to allow for an attraction ride and a structure of this height. It will be reviewed by Orange County's Development Review Committee next week, and if recommended for approval, could go before the Board of County Commissioners as soon as September.
"We needed to clarify that the right of way had been constructed, and we are fortunate that has already been done in front of the location that we are planning for," Armstrong said.
Kimley-Horn will also likely handle architectural work for the Starflyer project, and a general contractor has not been chosen yet, Armstrong said.
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