Universal delays opening of Rip Rocket Ride

Universal had planned to open the Hollywood Rip-Rocket Ride in the spring but it has been hampered by economic woes. Ownership future of the resort will be under talks said General Electric Co top executive. Currently, Rip-Rocket Ride coaster is under construction at the Universal Theme Parks.

Due to the sophistication of the ride, Universal said that it will open the ride when they are ready. Guests can choose from several type of genre while they are on the ride including rap, hip-hop, country, classic rock, pop, disco, and much more.

But the future of Universal was mentioned during the companies share holders meeting said Chief Executive. Ge, NBC Universal unit and Blackstone Group are partners in the ownership of Universal Orlando. Shareholders are hoping that it will be business as usual when the loans are restructured.

Currently, Universal has $950 million of debt due April 1, 2010 but financing is complicated because of tight credit and Universal contract with Stephen Spielberg who can buy out his part beginning in June. Another $500 million debt will be due if the loans are not restructured in time.

Parts of the Rip-Rocket coaster consisting of 167 height - 17 stories high with 3,380 orange steel rail have become visible causing quite a buzz from reporters and guests. Traveling at a rate of 65mph, guests will be immersed into several maneuver including Double Take 103ft circle, Treble Clef, and the Jump Cut corkscrew affect. The 1 minute 39 second ride will both pass 33ft overhead and submerge below ground level before returning to the pick-up station.


Rip-Rocket will be the 2ride that will debut in Orlando this year 2009