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December 10, 2011 – Major Design and Development Project in China Launched
We have reached a comprehensive cooperation agreement with Shiyan, China-based Taichi Lake Group to design and develop what is to become China’s largest theme park and world class leisure resort project, set in Hubei Province’s Wudang Mountain region, with a total investment of $3.1 billion.
Ikonic will provide master planning, concept creation, schematic design, design development, and construction oversight services in support of the project’s entertainment-related components, which include a Taichi Kung Fu-themed park, a $50 million live show, and related media production and publishing, totaling over $300 million. The Wudang Mountain area is the birthplace of Taichi Kung Fu, an important center of Chinese Daoist culture and also a thriving commercial hub. Los Angeles Mayor Antonio Villaraigosa today personally attended a signing ceremony in Beijing as part of his 12-day trade mission to Asia in support of exports, job growth, increased investment and tourism.
It is estimated that the agreement reached between Ikonic and Taichi Lake Group will generate several hundred LA-based jobs over the next three years and tens of millions of dollars in revenues to Ikonic as well as numerous LA-based subcontractors and service providers.
“This project is an example of the very best of LA’s creative industry capabilities being exported overseas on a large scale,” said Tony Christopher, Ikonic Co-Founder and CEO. “Our goal is to demonstrate Hollywood’s truly unique ability to deliver world-class entertainment to the world,” he added.