Terra Mítica

Historia

Terra Mítica is a theme park located in Benidorm, Comunitat Valenciana, Spain. The park is divided into 5 themed zones: Egypt, Greece, Rome, Iberia, and the Islands (of the Mediterranean). The park opened in 2000.From 2004–2006, the park went through a bankruptcy process. In 2001, a year after park opening, Paramount Parks entered into an agreement to manage Terra Mitica, and the park was branded as a Paramount Park for the following season. In 2004, Paramount Parks filed for the Spanish equivalent of bankruptcy protection from its creditors. Since then, the park has been operating independently. Terra Mítica emerged from temporary receivership in 2006, after restructuring its expenses, reducing labor costs, and canceling debt through the sale of excess park land. After generating, on average, a negative operating profit of 8 million € per year from its inception, Terra Mítica produced positive EBITDA in 2006.For the 2008 season, Terra Mítica added a new free access area including major branded food chains and shops as well as an outdoor adventure park. Plans for the 2009 season include the addition to shopping outlets adjacent to the Iberia section of the park. A hotel is also planned to be built by Ortiz Hijos in the area just behind the Egypt section of the park.For the 2013 season, the park has been divided into two separate parks Iberia Park and Terra Mitica, the former being a free to enter area that requires tokens to be bought for access to the rides. It covers half of the Egypt zone and all of the Iberia and Islands areas. The latter is a pay to enter area where all rides are free while inside. For the 2014 season, Iberia Park became gated, requiring a ticket to enter. Ibera park will only be open for 2 months from 2016 onwards.