The Madison County Discovery Zone does not include property tax abatement.ĮXHIBIT C Transferee Letter of Representation Discovery Zone, Inc. This Warrant Certificate certifies that, or its registered assigns, is the registered holder of Warrants (the "Warrants") to purchase, subject to the conditions set forth in the Warrant Agreement, shares of Class A Voting Common Stock, par value $0.00017 per share (the "Common Stock"), of Discovery Zone, Inc., a Delaware corporation (the "Company"). The Company also identified a large new target area on the Company's Bonaparte Property some 200 metres from the eastern edge of the original Discovery Zone where they encountered veins in granodiorite with the same type of mineralization as the Discovery Zone. Notices shall be delivered as follows or at such other place as either party hereto may by notice in writing (given in accordance with this Section 32) designate: To Grantor: Discovery Zone, Inc.īorrower is the successor in interest to Discovery Zone, Inc., a Delaware corporation and debtor and debtor in possession ("Old DZI"), and Old DZI's affiliated debtors and debtors in possession including Leaps & Bounds, Inc.Īdditional mining, environmental and stakeholder information must be submitted to the regulator before the Discovery Zone exploitation concession application can be considered for grant. But now, it could possibly be too late.Notices shall be delivered as follows or at such other place as either party hereto may by notice in writing (given in accordance with this Section 32) designate: To Mortgagor: Discovery Zone, Inc. "We didn't think about donating it as one of the options available," Grossman said. Grossman said when Discovery Zone officials considered ways to get rid of the equipment, their main concern was making sure it didn't fall into the hands of a competitor. "The guy told me, "Why should I try to help you get this stuff? If I don't get to tear it up, I'm losing money.' " But when he drove to the store Wednesday he found a liquidator inside who was hired to destroy everything in the store. He decided to ask company officials to donate the toys and playground equipment to the civic association for use in a park. When Northdale Civic Association president Chris Cook found out about the closing, he said he tried to make the best of a bad situation. During the week, parents can drop kids off for up to four hours of supervised play.įor now, Discovery Zone has pulled out of Hillsborough County completely, also closing its Brandon location. In Texas and New York, Grossman said, Discovery Zone is trying a day care concept called Fun Centers. "Have you ever been in a Discovery Zone Monday through Friday? The problem with the concept is, how do you create traffic Monday through Friday?"Ĭhrista Grossman, a spokeswoman for Discovery Zone in New York, said the company has begun to experiment with new ways to increase weekday traffic. "Basically they only did business two days out of seven," Bibb said. Therein lies the problem, according to Craig Bibb, an analyst at Paine Webber in New York. We didn't go there on the weekend because it was too crowded." "The only time we went to the Discovery Zone was on the weekdays. We used to go to Kids Fun more often than Discovery Zone. Erskine said, "especially with summer coming up. Last week, they found a similar sign at Discovery Zone. Mary Beth Erskine and her two preschool sons, who frequently visited Kids Fun, were surprised recently when they visited the store and found a closed sign on the front door. With Kids Fun and Discovery Zone closed, the only indoor children's play center left in the Carrollwood area is Chuck E. The owners could not be reached for comment.įor many families, such indoor centers are ideal places for children to play and hold parties, especially during rainy weather or the hot summer. ![]() ![]() Kids Fun, an independently owned play center in the Northdale Court shopping center, went out of business about two months ago.
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