Posted Tuesday, August 13, 2002 4:58 AM | Contributed by SyntaxError
VisionLand officials said Saturday that Busch Entertainment Corp. was one of the handful of companies looking to buy the bankrupt park, but Busch officials said Monday that was not the case.
Read more from the Birmingham News.
If I were looking at this deal I would really be careful. There is something about the dynamics in Birmingham that leads me to believe that it will be difficult for a park to be self supporting. Wild Adventures management has shown that they can run a successful park in a small town like Valdosta, GA and if anyone can make this work, then they can.
I sure would like the park to reopen wo I would have the opportunity to ride that woody.
What have you gotten me into?
I wouldn't trust these officials any farther than I could throw them. Scratch that--than my 5 year-old could throw them.
Hats off to Busch for publicly refuting the story. I guarantee you they were using this fictional suitor to prop up the propsed selling price.
MA was a proven entity drawing 300K-400K visitors a year and sold for $30 million in stock--and that was in a stronger economy. What gives them the idea their loser is worth $25 million?
Talk about delusional...
The CPlaya 100--6 days, 9 parks, 47 coasters, 2037 miles and a winner.....LoCoSuMo.
well, remember that Busch was also the company that *believed* they could get 4.5M for Drachen Fire.....perhaps they've been watching enough South Park to "learn something" about theme parks from Eric Cartman....so Busch at one point WAS the "delusional entity"....
parks that RELY on local government for anythng other than tax breaks are not your best investment....;)
The fact that Busch listed DF for 4.5 million doesn't mean they expected to get that. Prices of used rides are extremely negotiable. Same goes for the park price. Also, in terms of park prices at lot depends on what is included in the price. The liabilities that may be included can mean as much as the assets. For example, no purchaser is likely to be willing to accept the liability of Visionlands debt. It would have to be a bankruptcy purchase.
The whole Birmingham political thing on this park is a mess, and I wouldn't believe anything that they say. They say that they are controling costs so it's not so bad that attendance was only 25,000 people. That's an annual attendance for a miniature golf course not a theme park or significant water park
There was no way Busch was going to buy Visionland ....
They need the money to buy the Universal Theme Parks from Vivendi!
If Lifes a Rollercoaster, I want a Flawless
Top 5 steel: 1)S:UF, 2)S:ROS(SFA), 3)Alpen.BGW) 4)AC(BGW)5)Hypersonic; wood 1)Rampage, 2)Roar SFA, 3)Grizzly PKD, 4)G Cyclone SFOG, 5)Wild One SFA
CCI 1992-2002, 36 rides.
Six Flag being a close 2nd, but only if you count White Water Atlanta (now owned by SF) as a seperate park. Which I didn't do with Dollywood/Splash Country in Gatlinburn TN.
You must be logged in to post