I don't think there'd be any need for that. Provided that someone could get the requisite copyright permissions, I don't think they'd have much trouble selling the idea to investors. It isn't too difficult to find evidence that Middle-earth sells remarkably well.
The real question is whether the whole thing would be a five-minute wonder, declining with the memory of the recent films. I dare say that if the hypothetical park were to stand on its own without a Tolkien theme it would be likely enough to succeed. I certainly wouldn't be surprised to see something like this mooted, although if it hasn't been by now it probably never will.
However, why would anyone need more of a theme park than the Downs?
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Originally Posted by unimaginative troll #247
All you people want to do is speak Elvish.
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Damning criticism indeed, coming from someone who spent yesterday evening joining an internet discussion forum to which they didn't want to belong, discussing badly things in which they weren't interested and starting uninteresting threads that garnered no responses. Learning Quenya has rather more point to it, wouldn't you say, O Banned One?