Monday, September 14, 2020

Operator of Stone Mountain Park attractions stopped paying rent in spring

Silver Dollar City, the privately owned company that operates attractions at Stone Mountain Park, stopped paying rent to the Stone Mountain Memorial Association this spring, the association says.

The association has not received a rent payment from Silver Dollar City since March, SMMA CEO Bill Stephens told board members at a July meeting.

At that meeting, Stephens said a tentative agreement had been reached under which Silver Dollar City would resume paying rent in October. It would also begin paying an additional $20,000 each month during the remainder of its current lease, which ends in 2027, in order to pay the deferred rent amount.

It is unclear if the tentative agreement has been finalized. It was not listed on the agenda for the association's August 24 board meeting and is not a listed agenda item for its board meeting scheduled for later this month.