Cedar Fair finalizes capital expenditures for 2002

Posted Wednesday, December 19, 2001 6:27 AM | Contributed by Captain Matt

Cedar Fair has announced nearly all of its capital expenditures for 2002. New coasters have been announced for Cedar Point and Knott's Berry Farm, several new rides and improvements for Michigan's Adventure, a Top Spin for Worlds of Fun and a "mid-sized thrill ride" at Dorney.

Read more from Cedar Fair.

Wednesday, December 19, 2001 7:11 AM
I smell something new at KCS-MOA that's folded in the $3 million for the 'other parks'.

Exactly how much of that will be out of CF's pocket vs. that of KCS-MOA's owners, I can't be certain.  But with tourism dollars drying up, they're gonna have to attract the locals...and $21 for a tiny park without new attractions won't get hometown folks in the door next summer.

We'll just have to wait and see....

-CPlaya

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Wednesday, December 19, 2001 7:56 AM
I think that "Mid-Sized Thrill Ride" maybe the former Chaos of Michigan's Adventure. I had heard the ride had been removed from MIA, so it makes sense.

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Jes
Webmaster, Jes's Roller Coasters
"Thank You Jeff Putz"

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Wednesday, December 19, 2001 8:53 AM

I love companies that list their Capital Expenditures. It shows that Net Income isn't the most important number to the investors.
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Wednesday, December 19, 2001 8:54 AM
The mid-sized thrill ride is definitely not a Chaos. Dorney already gave a description of the ride, and it sounds similar (if not exactly) to a Hawk 48 from Zamperla.

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Until you get a parking space with your own name on it, you're still part of the GP.

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Wednesday, December 19, 2001 8:59 AM
If they keep taking care of ThunderHawk, and Talon, Lazer, and Dominator keep running, I'll be happy to return.  I really think the mid-sized thrill ride will NOT be Chaos, but I've been wrong before...

LOVE the quote at the end from Kinzel:  "These improvements follow our philosophy of continuous reinvestment in new attractions and our dedication to offering the best in family entertainment and guest service".  THAT makes for great customer relations, and just as importantly (what grammar?), happy investors...  

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PoTP acolyte - remove fear to reply
Son of Drop Zone - PKI CoasterCamp I Champions!!!

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Wednesday, December 19, 2001 10:26 AM
Oh that quote is pure corporate rhetoric.  Can you really imagine him, Storey, or whoever runs AB and Paramount Parks saying anything different?  Such as "yeah, we're really not that committed to guest service, and we really don't care about families."  Sure, quotes like that make you feel good, but it's still just rhetoric.
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Ride the New England Bush!
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Wednesday, December 19, 2001 10:39 AM
Come on! Valleyfair wants a coaster! "These improvements follow our philosophy of continuous reinvestment in new attractions". This does not include major coasters at Valleyfair. Six years now. Moving new coaster hopes to 2003.

I guess that's what happens when you're a small park in a midsized state with no competition for hundreds of miles. Oh well.

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Wednesday, December 19, 2001 10:40 AM
Sure it is, but if you know Dick or have had any significant amount of contact with him, you can't help but feel it's sincere. Remember, this is a CEO who picks up garbage from the midways. He's the real thing, and I respect him for that.

If Dorney gets a Zamperla Hawk, I am so there again next year (though it's the one ride I've been wanting at CP now for three seasons).

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Jeff - Webmaster/Admin - CoasterBuzz.com, Sillynonsense.com
"As far as I can tell it doesn't matter who you are. If you can believe, there's something worth fighting for..." - Garbage, "Parade"

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Wednesday, December 19, 2001 11:12 AM

Come on! Valleyfair wants a coaster! "These improvements follow our philosophy of continuous reinvestment in new attractions". This does not include major coasters at Valleyfair. Six years now. Moving new coaster hopes to 2003.


Of course, you realize that VF's PT cost a little more than a Vekoma SLC and a Boomerang combined, right?  Or Shivering Timbers and an Invertigo combined...take your pick.

It takes a lot longer for a park that draws a steady million visitors a year to pay off that investment than a 3 million visitor park like KBF, CP or SFGAM.

Quit whining...if anything, they're trying to get PT paid off quickly for the next major investment.

-CPlaya *** This post was edited by CoastaPlaya on 12/19/2001. ***

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Wednesday, December 19, 2001 11:43 AM
I understand the concept of corporate rhetoric, but I really do see his point about "continuous reinvestment" as being virtually inarguable when it comes to CF.  I can't even see Storey trying to keep a straight face while saying the part about  "family entertainment AND guest service".  I mean, parks are ALL about family entertainment, but guest service is something I've noticed as being STRESSED at the CF parks and here in FL.  Other park chains, it varies WIDELY...SF doesn't even pay lip service to the concept. 
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PoTP acolyte - remove fear to reply
Son of Drop Zone - PKI CoasterCamp I Champions!!!
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Wednesday, December 19, 2001 12:17 PM
When is it Valleyfairs turn?
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Wednesday, December 19, 2001 12:36 PM
VF will definitely have it's turn next year. I'm sure something about Walt leaving and Larry coming in may have affected a new big ride somehow or other. And it's only been 2 yrs since VF's had a coaster...Mad Mouse counts.
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Wednesday, December 19, 2001 1:09 PM
Tell ya what--why don't they give VF Dorney's Lazer?  I'd do anything to get a Schwarzkopf back in the park, especially a looper...

-'Playa

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Wednesday, December 19, 2001 2:42 PM
Hey Lazer better not go anywhere! Keep it right here in my home park! lol
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Wednesday, December 19, 2001 2:47 PM
Notice where it talked about Xcelerator... it said there was the vertical drop, then turns and inversions! Is this the runored top hat? (this has probably been stated somewhere else, but I thought it was interesting)

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"There ain't nothing worse'n when a woman gets pushy." -Ferris Layman, The Diviners

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Wednesday, December 19, 2001 4:28 PM
The artist rendering shows what is essentially a top hat where the train travels on the outside of the top.

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Jeff - Webmaster/Admin - CoasterBuzz.com, Sillynonsense.com
"As far as I can tell it doesn't matter who you are. If you can believe, there's something worth fighting for..." - Garbage, "Parade"

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Wednesday, December 19, 2001 6:49 PM
Yeah, but the press release calls the drop 'inverted' and refers to other inversions and curves.

It might actually be a top hat, it might twist on the drop--who can tell?  We might have to watch track segments get bolted into place before we sort it all out...

-CPlaya

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Wednesday, December 19, 2001 7:29 PM
Even thought I don't agree, the inversions could perhaps be the overbanked turns.

But thats one argument thats just not worth starting! ;)

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Xcelerator-
0-82 in 2.3 seconds! =Wow!

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Wednesday, December 19, 2001 7:58 PM
VF should spend some money this year figuring out a solution to the flood plain.  That would open some areas for future expansion.  There's nothing like seeing your brand new B&M inverted coaster partially under water in May.
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