he new owner of Denver's Ocean Journey aquarium is threatening to scrap a redevelopment plan and raze the building because of a disagreement over taxes.

Houston-based Landry's Restaurants is upset over the city's decision to value the property at nearly 30-million dollars.

That's more than double the amount Landry's paid for the property at a bankruptcy court auction last year.

The aquarium used to be owned by a nonprofit group which didn'thave to pay taxes.

Landry's has proposed spending 15 (m) million dollars to add restaurants and rides to the facility.

But Landry's chief executive Tilman Fertitta says if Denver city officials don't work with his company on the aquarium, he will ``bulldoze it and sell it off'' and try to get his money back.