Sunday, August 26, 2007

Queen Mary Sailing Again?

No, the Queen Mary is not actually sailing on open waters, but it has new life in it with a lease that has now been agreed upon. The investment group, named Save the Queen, has won the lease for the Queen Mary and the surrounding land. Although the sale is not final, the escrow is now open on this historic property at the price tag of $43 million. The Press Telegram provides a great run down of some of the details that are part of this offer and how the City of Long Beach will receive some of the payout should the sale close.


The Queen Mary is a truly remarkable entertainment area and landmark for the city so it would be great to see a greater use of the land to maximize the attraction. The Queen Mary recently took out a large billboard on the 405 which advertises the Queen Mary Experience which hosts some special events. In fact, just last night they had a UFC viewing party so they are constantly working on bringing new events to the area.
With all of the Downtown Long Beach high rise developments that face the Queen Mary and the restaurants at the Pike, we hope that they can continue some of the great tradition of this property. It's definitely a popular tourist destination and one can only hope that it gets even better!

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