Tag: loan

    SeaWorld takes back killer whale from Niagara Falls park

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    From The Orlando Sentinel (via Canada.com):

    A 9-year-old killer whale at the center of an international custody dispute between a Canadian marine park and industry giant SeaWorld Parks & Entertainment was transferred to SeaWorld San Diego over the weekend.

    The overnight transport took place Saturday evening, just 24 hours after a U.S. judge denied a request from Niagara Falls, Ontario-based Marineland for an injunction that would have blocked SeaWorld from taking the whale, which is named “Ikaika” but nicknamed “Ike.”

    SeaWorld had loaned Ike to Marineland about five years ago as part of a breeding exchange in which SeaWorld received four beluga whales. But Orlando-based SeaWorld informed the smaller park late last year that it intended to cancel the agreement once its initial term was up. Marineland had refused to relinquish the animal, arguing that SeaWorld did not have the authority to unilaterally cancel the agreement and that the two parties always intended Ike to remain long-term at the Canadian park.

    Cash-tight festival needs help from city

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    From the Niagara Falls Review:

    With its own finances at the brink, the Winter Festival of Lights has turned to city hall to back up its bid to get a line of credit it needs to pay the bills on the new Rink at the Brink skating attraction.

    Festival manager Dino Fazio said his organization needs a $500,000 line of credit from its bank to start paying some of the bills associated with the new rink’s construction across from the Niagara Parks Commission’s Table Rock Complex last fall.

    Without the city acting as a guarantor, the bank won’t give the festival the loan, Fazio said.

    “I don’t need a dollar from the city. I do need a guarantee,” Fazio told members of the corporate services committee, which considers council’s financial matters.

    “Will they give it to you without us?” Coun. Carolynn Ioannoni asked.

    “No,” Fazio replied.

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