At a press conference to announce a new feasibility study for the new Clearwater Marine Aquarium, CEO David Yates said he is having discussions about another Dolphin Tale movie and television show.

The sequel is set to release in September, but Yates admits discussions on a third movie and a television show have already started.

Yates also discussed a feasibility study for a brand new $160 million Clearwater Marine Aquarium.

“What gives us a lot of comfort is the most conservative study again tells us we are going to be in great shape,” said David Yates, CEO, CMA.

The study shows the first 10 years on average 1.2 million people will visit the aquarium annually.

It’ll also make more than $5 million a year during that time.

“This gives the CMA management and board the confidence that if we do this we are going to be in good shape so we’re very, very confident about that,” said Yates.

Voters approved the $160 million plan back in November.

CMA would take over City Hall, pay $7.5 million to buy a new one, and then enter into a 60 year lease with the City of Clearwater for its new 203,000 square foot aquarium.

Critics of the project still ask why there is a need for a $160 million aquarium in downtown Clearwater.

The executive summary of the study does say it is in line with industry standards.

“This is the time to capture the momentum and not wait two or three years,” said Yates.

CMA has to secure financing and raise enough money by 2016 or else the deal expires.

The aquarium CEO believes the cost to build the aquarium could actually end up being lower than expected.