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Indoor amusement center could have new owner

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An indoor amusement center at Lafayette Square Mall could be sold to a Springfield, Mo.-based company negotiating to take over the space occupied by Xscape.

America’s Incredible Pizza Company, a 1950s-themed family entertainment center, said it could have a deal finalized as soon as Wednesday. The company is negotiating with an undisclosed party that would own the site under a franchise agreement.

“If a deal is struck, residents around the Lafayette [Square Mall] area will see the Xscape facility transformed with new ownership, management, employees and the company’s signature menu items on an all-new buffet,” said Rick Barsness, CEO of America’s Incredible Pizza Company, in a prepared statement.

The 75,000-squure-foot Xscape amusement center opened in December 2008. It is facing legal challenges after the family of a 5-year-old boy who fell off a teacup ride filed suit in March against Indianapolis-based Zoom Entertainment LLC, the amusement park’s owner.

The suit claims Zoom Entertainment failed to inspect and test the ride.

America’s Incredible Pizza Company said a complete safety inspection will be performed by an official of the National Association of Amusement Ride Safety Organization to recertify all rides and attractions at the facility

The company said it enforces a dress code and does not sell alcohol or allow smoking at its locations. It plans to remove a bar at Xscape if the deal is approved.
 
The Missouri chain has a dozen locations, including one near Greenwood Park Mall.
 

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  • Good News
    This will make it, just look at how crowded Chucky Cheese pizza place is on West 38th. With a buffet and rides along with the video games, this will be a definite hit. And this location isn't that bad. All that negative talk only makes it seem that much worse. When is the last time you were in the area "some girl?"
  • It won't fly
    Nothing will thrive at this gang-ridden ruined mall...they have a bar at the location?! Who's brainy idea was that, given the history of the neighborhood?!? No wonder there's a lawsuit/problems...
  • Hmmmm
    Don't get me wrong, I like the Incredible Pizza Company concept. But can Indianapolis support two locations? Furthermore, will it thrive at Lafayette Square Mall?

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  1. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  2. If you only knew....

  3. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

  4. The facts contained in your post make your position so much more credible than those based on sheer emotion. Thanks for enlightening us.

  5. Please consider a couple of economic realities: First, retail is more consolidated now than it was when malls like this were built. There used to be many department stores. Now, in essence, there is one--Macy's. Right off, you've eliminated the need for multiple anchor stores in malls. And in-line retailers have consolidated or folded or have stopped building new stores because so much of their business is now online. The Limited, for example, Next, malls are closing all over the country, even some of the former gems are now derelict.Times change. And finally, as the income level of any particular area declines, so do the retail offerings. Sad, but true.

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