Queen Mary getting $250M boost with new entertainment complex

Rendering of Queen Mary Island complex (Gensler)
Rendering of Queen Mary Island complex (Gensler)

Urban Commons, the owner of the historic Long Beach cruise ship Queen Mary, received some bad news last week when a marine survey found the ship could quickly collapse if its disrepair isn’t addressed. But the L.A. investment firm seems to be taking it in stride. 

Urban released a $250 million plan to Long Beach officials Wednesday that it says will help pay for the repairs on the rusting ship, the Los Angeles Times reported.

Plans call for a large entertainment complex adjacent to the ship, with a 2,400-foot-long boardwalk that has a new small-boat marina as well as cafes, bars and shops. There would be about 700,000 square feet of retail space, a 200-room hotel and an amphitheater for concerts.

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Urban Commons also plans to bring in London-based Urban Legacies, which creates entertainment and sporting attractions. The firm would launch its first North American location at the site and bring in activities such as a trampoline park, zip-lining, surfing and simulated skydiving.

Revenue from the development would go toward the $289 million in repairs the 81-year-old ocean liner needs.

The ship currently generates income from visitor fees, festivals, Halloween attractions and its 314-room hotel. Revenue from the hotel and events totaled $15 million in 2014, according to the Times. [LAT]Subrina Hudson