Cedar Fair fiscal picture dampened by weather

Posted Thursday, September 7, 2000 11:31 AM | Contributed by The One The Only Coaster God

Analysts say that profits will not be as high as hoped for Cedar Fair due to bad weather at most of its parks combined with a high amount of capital improvement.

Read the whole story at The Toledo Blade.

Related parks

Thursday, September 7, 2000 1:39 PM
Ok here it is!
$40 million total CF:LP capital expenditures 2001
-$17 million DORNEY PARK (including TALON)
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$23 million for WOF, VF, CP, KBF

I don't see anymore coasters being built next year

DP - TALON
WOF - Camp Snoopy
VF - Camp Snoopy (but not neccessarily called that)
CP - Little if anything
KBF - PP will finally open
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Thursday, September 7, 2000 3:22 PM
Mabey CF will give the whole sum of 23 million to CP :)
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Thursday, September 7, 2000 3:56 PM
I love how the report said Dorney Park was in the midwest (it's not). The report also said that Cedar Fair is investing $17 million into Dorney including a $13 million inverted roller coaster. What's the other $4 million being spent on? They also made it sound like MF was a mistake financially. It stinks that it comes down to money ultimately.
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Thursday, September 7, 2000 7:34 PM
How many times did Kinzel need to say "We're happy with the new ride" for the reporter to get it?

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Jeff
Webmaster/Admin - CoasterBuzz.com
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Thursday, September 7, 2000 8:29 PM
The other $4 mill is for the large amount of trees they have bought to help the park not look like a concrete jungle, and to plant around the border of the park...to keep locals happy.

Dustijn
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Friday, September 8, 2000 1:20 AM
Knott's doesn't need a new coaster until 2002, if even then. That's the advantage of owning the best darn wooden rollercoaster in the world IMO.

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The new KING of coasters:
SFNE Superman
Unforgettable!!!
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Friday, September 8, 2000 5:16 AM
Knotts needs to get Perilous Plunge running before they build anything else. First Wind Jammer and now this fiasco. It's amazing they got Ghost RIder correct.
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Friday, September 8, 2000 9:03 AM
I have two things to say about that article
1) Don’t trust what financial analysts say about anything. I used to work for a financial research firm, and these guys don’t know anymore then you or me. They read the same financial reports, talk to the same PR guys, and make the same assumptions as anyone else.
2) I found this quote at the end very humorous
“An ongoing threat to Cedar Fair beyond the weather is electronic entertainment, such as cable TV and video games, that could keep teens and young adults at home, said Mr. Brenner, of Ladenburg Thalmann.”
How long have we had cable TV and video games? And why is it a threat to just Cedar Fair and not Six Flags or Disney? Despite video games and cable, the amusement industry has been doing very well these last few years.


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Friday, September 8, 2000 11:59 AM
Pointman, I wish more parks would do what Knott's does. 1) Close crappy rides and sue to make the designers of the ride pay for it. 2)Make sure rides are perfectly safe and running pefectly before opening them(can you say SOB?). Knott's does things right, and to say your surprised they got ghostrider right is silly IMO. This park simply will not settle for *anything* less than top notch.

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The new KING of coasters:
SFNE Superman
Unforgettable!!! *** This post was edited by Simcoaster on 9/8/2000. ***
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Sunday, September 10, 2000 7:30 PM
I agree with Simcoaster. As for Valleyfair getting Camp snoopy is this a fact? I heard they might not be doing much in terms of rides next year. More entertainment orientated

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Randy Hutchinson
You build it, I'll ride it
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Monday, September 11, 2000 10:27 AM
Simcoaster,
I have no problem with closing crappy rides, and suing the builders. I have a problem with having the poor sense to install the crappy ride in the first place.

I have no problem with maikng sure a ride is safe before allowing anyone to ride it. WHat I do have a problem with is this continual announcement of opening dates, of the poor management of the initial planning of this ride that caused the announcement of the multiple initialopening dates.

If Knotts did things right on these two items, they would have never put in WIndJammer and they would have allowed more time for the construction of Perilous Plunge.

I stand by my statement that I am surprised at how well Ghost Rider has turned out when the WInd Jammer and Perilous Plunge projects are considered.

No matter how you state it there have been serious problems with Perilous Plunge and with WIndJammer. THese problems are management problems. THe Management of Knotts should be held as responsible.

DId you know that no matter how much perfume you put on a skunk, it still smells like a perfumed skunk?
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Monday, September 11, 2000 2:46 PM
"DId you know that no matter how much perfume you put on a skunk, it still smells like a perfumed skunk?"

I did not know that!

LOL! This board is getting almost as bad as RRC

Dustijn
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Tuesday, September 12, 2000 11:06 AM
Pointman, name *one* park that has never installed a coaster that is less than enjoyable, the maybe your point will make sense. I wish we all could be fortune tellers like you, predicting windjammer's merit before it was even built. Neither Jack Fellas, nor Cedar Fair were even with Knott's at the time Windjammer was built, so I don't know what you mean by management. Have you even been to Knott's? Knott's has the good sence to close it and get rid of it. Name *one* other park that has done that, oh yeah, isn't Kennywood doing something like that? I find that just so cool! As far as PP is concearned, when it is ready, they will open it. I would much rather that, then having them open it, close it a week later, and then start giving excuses, cough*SOB*cough. I'll leave the other stuff for the PR department to deal with, why should I worry about that? I'll ride one of the world's greatest wooden coasters in the meantime :). Knott's has built quite a few rides before Ghostrider which are classics today, so your surprise at Ghostrider still doesn't make sense. BTW, why would a skunk wear perfume? LOL! The things people say...

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The new KING of coasters:
SFNE Superman
Unforgettable!!!


*** This post was edited by Simcoaster on 9/12/2000. ***


*** This post was edited by Simcoaster on 9/12/2000. ***


*** This post was edited by Simcoaster on 9/12/2000. *** *** This post was edited by Simcoaster on 9/12/2000. ***
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Tuesday, September 12, 2000 3:40 PM
Um BGW and Drachen Fire

does that count?

D :)
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Wednesday, September 13, 2000 2:04 AM
Yes it does...

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You may get wet on this attraction, you may even get drenched! But can you survive the PLUNGE?
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Wednesday, September 13, 2000 10:28 AM
I thought it would!

:)

D
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Wednesday, September 13, 2000 3:24 PM
Stop gloating!!! LOL!

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You may get wet on this attraction, you may even get drenched! But can you survive the PLUNGE?
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Wednesday, September 13, 2000 6:05 PM
*PLUNK*

LOL
D
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