...which isn't even built yet:

...The owner of Adventure Park USA in New Market hopes to build a 5.5-acre water park on the property by next spring, but he isn't asking a bank for the money. Instead, Larry Stottlemyer hopes to persuade 12,000 customers or 3,500 families of four — or some combination of the two — to buy a seven-year season pass to the water park.

He hopes to raise most of the money for the water park, $3.5 million, by selling individual passes for $300 each and family passes at $250 each for a family of four.

"That's $35 per year [per family member], and you can use the water park as much as you want," he said...

He wants to build the water park without debt, and would use revenue from other park operations to make that happen...

http://www.gazette.net/stories/06112009/ur...920_32524.shtml

That's an interesting strategy. Using future park goers as investors.

Which may be exactly the way it may be viewed by regulators who regulate securities. Are these passes or are they investment securities with a possible benefit which may or may not occur? What happens if enough passes are not sold and/or the park is not built?

Yeah I would be p***ed if I bought a 7year pass to a park that never opened, at myself of coarse. I have a feeling many people won't be buying these.But its pretty interesting to see how this plays out.

This the same strategy that many Gyms use. Make people pay for long term contracts upfront to cover your current costs, then when those gyms go belly up the members get nothing.

I must say, it's an interesting idea. But yeah, I'd be worried about what happens if the park doesn't get built. It'll be interesting to see how this plays out.

This the same strategy that many Gyms use. Make people pay for long term contracts upfront to cover your current costs, then when those gyms go belly up the members get nothing.

I assume the owners sneak out in the middle of the night. Think about it, would you want a bunch of highly trained strong men and women coming after you?