Aurora, Ohio loses hundreds of thousands in tax revenue after closure of Geauga Lake
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During Geauga Lake's financial heyday in 2001, Six Flags Ohio provided the city with $800,000 annually in income/admission taxes, according to Mayor Lynn McGill. Eight years later, the park has been reduced to Geauga Lake's Wildwater Kingdom, and McGill said he expects the city to receive only between $15,000 and $20,000 in revenue under a proposed agreement.
Read more from The Aurora Advocate.
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" McGill said he expects the city to receive only between $15,000 and $20,000 in revenue under a proposed agreement."
I guess it's time to revamp the agreement.
Great Lakes Brewery Patron...
-Mark
Ha ha, yeah. Time to find new ways to tax them and perhaps the whole park will close.
It's too late, Aurora. The cat's out of the bag. Maybe if the city and more locals had been supportive of the park, things might have turned out differently. I dunno.
My author website: mgrantroberts.com
This is what I find Ironic, BOth townships benifited from the park being there. I can't believe that SF, or CF and the townships coudln't find a way to tax the park once and split the difference as both recieved the additonal benifits from campers, Hotel/Motel, Fuel and any store bought items from visitors.
Whats more Ironic is that the townships weren't major buyers in the auctions. Theres no way that that 50s area couldn't have been converted to a strip mall. BD operated by a concessionaire and a lakefront campground or something.
Oh well......................Chuck
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