The owner of the Miami Seaquarium, MS Leisure, has filed for bankruptcy in a Delaware court as part of a strategy to address significant financial difficulties and fend off eviction proceedings initiated by Miami-Dade County. This reorganization is backed by the Dolphin Company, aiming to inject new financing and leadership into the operation. The Seaquarium remains operational while the eviction case awaits trial, with the county citing critical regulatory inspection reports as justification for the eviction notice issued last April. The Seaquarium has a long-standing history, having been established on Virginia Key since the 1950s.
As part of a broader effort to rework its debt and overcome financial challenges, the owner of the Miami Seaquarium sought bankruptcy protection this week.
The Dolphin Company, which owns the Seaquarium, announced that restructuring is necessary to stabilize its operations and ensure the ongoing safety of animals.
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