As somebody coming from geocoding background parsing places from full text will be a huge challenge. Hardly a word that isn't also a location. (There's a state in Turkey called Batman).
Indeed it's one of the most difficult challenges I am facing, the solution would be to give the power to the users so that they can discard such parsing. But first I have to ensure that there are people who might be interested in using the solution, it's the phase I am in right now (trying to validate the concept), thanks for the feedback :)