The irony here is the CEO of Skyventure actually lives in Austin. Go figure that one out.
IMO It takes a multi-millionaire to build one and you have two types in Texas. The computer industry millionaires who hold on to thier money because they don't know where they can make it back next month.
Then the oilfield millionaires who will only invest millions if they can turn a profit in 6 months, not six years.
I’ve heard that there are Entertainment Tax issues in Texas that cause some financial problems for a tunnel. I don’t have any clue if it is true or not but it may be a contributing factor. The only good news about not having one in Texas is it saves me a fortune I’d otherwise spend in the tunnel every bad weather weekend!
I spent two years of my life trying to put one in Houston along with a few Indian Casino locations across the US.
With the help of SkyVenture, we lined up financing and ironed out the technical issues, but still couldn't come up with $1million in cash needed for the start up of the Houston facilitiy then had a rug pulled out from under me.
It is not easy. I have done all of the dues diligence and spent close to $75,000 of my own money in analysis, legal fees and pre-requisites to get one.
Best of luck to those who are interested and if someone wants to purchase my due diligence, it is for sale. The price tag will be $200,000 and will save them allot of time and money in doing the same due diligence which I have already done.
I used to work in a buiding in Austin run by a releasate mogul who was trying to put interest together in Austin to put one on the north end of town. Ran into him in the elevator wearing my tunnelcamp shirt and he asked me about it. I thought about giving him Alan's cell phone number right then, but instead emailed him a couple of office numbers.
that was a year ago. This guy is the same one building an extreme sports park in Cedar Park, TX (near Austin). Don't know what he's done since then on it though.
I was told, by a tunnel employee, that Texas will be getting a wind tunnel in the future. The site has already been purchased. I was also that they are trying to develop a cooling system for the wind tunnels to make the chamber more climate controlled, and depending on how long to develop may postpone the tunnel build.
We would love to see a tunnel in or around the Houston area. Whatever the case we should not listen to anything NWernig has to say about it.....jk Nate.
I was asked to invest in a tunnel project a few years ago. Houston would never be an option. Population has little to do with locating a tunnel. What drives a business like the tunnel business is tourism. Only two places in Texas make any sense when this is considered. San Antonio or Austin. Since the two cities are very close to each other it makes sense to put the tunnel in the more centralized city. This leaves Austin as the only sensible place to be. Not too far from the populations of the Dallas Metroplex and Houston but more importantly close the the huge tourism draw of San Antonio and the tourism of Austin itself. This makes sense since after all the tunnel is really nothing more than an amusement ride for most people. The people doing the tunnel in Texas are the same people that operate several other entertainment parks in the area. Whether it really happens or not who knows but if it does happen it will be in Austin/Cedar Park.