It is difficult to believe that a popular children's amusement park could get the boot after decades of being part of the community, but as it turns out every property owner has their limit. And for the owner of the property the Miracle Strip Amusement Park sits on, it's $328,000.
A Panama City Beach property owner is finally evicting their longtime renter The Miracle Strip Amusement Park for failure to pay its rent. According to the property owner, the amusement park owes roughly $328,000 in back rent.
An eviction lawsuit, as well as a default judgment, has been filed against the amusement park. Court records show that the park's registered agent received a summons back in October with the deadline to respond of 20 days. Neither the park's agent nor other representatives for the park responded to the summons prompting a default judgment for failure to respond to be added to the complaint.
Although the park has not been open since September, it had been a very popular attraction for decades. It is unknown how or why the park fell behind on its rent but has likely been an issue for quite some time since there is such a substantial amount due.
Without any response from the park's agent, it is hard to forecast how this case will play out. It could, however, end up being part of a lengthy real estate dispute. Disputes over such large amounts of money, many times end in litigation. In any case, a property owner's success in real estate disputes and litigation usually hinges on the experience and knowledge of their legal team.
Source: Sun Sentinel, "Amusement park being evicted for failure to pay rent," Nov. 24, 2015