Cedar Fair investing $50 million at Carowinds over three years

Posted Tuesday, August 27, 2013 8:32 AM | Contributed by Jason Hammond

[Ed. note: The following is an excerpt of a press release. -J]

Cedar Fair Entertainment Company (NYSE: FUN), a leader in regional amusement parks, water parks and active entertainment, today announced a multi-year expansion project for its Carowinds amusement park located in Charlotte, North Carolina.

"The continued growth in the Charlotte market presents a unique opportunity for our Carowinds amusement park, which we believe is ready for record-breaking attractions," said Richard Zimmerman, Cedar Fair's Chief Operating Officer. "Over the next three years we intend to make several significant investments in both the amusement and water park areas, including new rides and attractions, new and upgraded food locations, and general infrastructure improvements. We plan to expand the capacity of Carowinds in all areas to appropriately serve its market and provide our guests with a 'Best Day of Summer' experience each and every time they visit our park."

The Company, which recently opened a satellite corporate office in Charlotte, expects the expanded park will draw additional tourists to the already popular Charlotte market. It will invest more than $50 million over the next three years and expects to hire an additional 15 full-time and approximately 270 seasonal jobs to support these new investments. As with many of its capital investments across the country, the Company will look to hire local companies to help with the design and construction of this multi-year expansion.

Read the entire press release from Cedar Fair.

Read more and see video from WSOC/Charlotte.

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Friday, August 30, 2013 10:08 AM
Jeff's avatar

A significant number of people leaving Cuyahoga County are also moving to the neighboring counties. That has been going on for at least 20 years.


Jeff - Editor - CoasterBuzz.com - My Blog - Music: The Modern Gen-X - Video

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Friday, August 30, 2013 10:24 AM
Raven-Phile's avatar

That's easy to imagine when you look at the cost of living within Cuyahoga County anymore. Sure, there's places to be had for less, but you've got areas like Brecksville, where housing is ridiculous. I love this city, and think it's beautiful, but there's no way I could afford to live here on my own, and that's making a decent IT salary.


R.I.P LeRoi Moore 9/7/61 - 8/19/2008
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Friday, August 30, 2013 10:41 AM
Jeff's avatar

State and local income taxes are ridiculous. So happy to not pay those anymore.


Jeff - Editor - CoasterBuzz.com - My Blog - Music: The Modern Gen-X - Video

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Friday, August 30, 2013 11:24 AM
Raven-Phile's avatar

What's even worse, is that I have to pay Brecksville taxes out of my paycheck, which funds their parks and their rec center, but I don't even have an option of joining or using the facility even as a "non resident".


R.I.P LeRoi Moore 9/7/61 - 8/19/2008
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Friday, August 30, 2013 12:26 PM

From what I have seen, a lot of rec centers exclude non-residents intially. Then as maintenance costs increase (and expecially if there is not a lot of turnover with new families moving in so that the number of empty nesters increases) the city allows non-residents to join for a fee. Brecksville isn't there yet for their rec center.

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Friday, August 30, 2013 2:37 PM
Jeff's avatar

Paying income tax into a jurisdiction you work in but can't vote in is already immoral.


Jeff - Editor - CoasterBuzz.com - My Blog - Music: The Modern Gen-X - Video

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Friday, August 30, 2013 2:48 PM
Lord Gonchar's avatar

Yeah. A lot of the ways Ohio handles taxes are pretty stupid.


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Friday, August 30, 2013 3:04 PM
Raven-Phile's avatar

Then, Wadsworth isn't big enough to have an actual government agency handle their tax reporting to the IRS, or whatever, so they use the CCA. Those people are absolute scam artists, who pose as official and threaten legal action over $3.04 in "fees" because taxes were paid in March and they want it in January, or something.

I still don't understand it.


R.I.P LeRoi Moore 9/7/61 - 8/19/2008
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Friday, August 30, 2013 3:11 PM
James Whitmore's avatar

Didn't we already fight a war over taxation without representation?


jameswhitmore.net

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Sunday, September 8, 2013 10:35 AM
Tekwardo's avatar

I submitted to news, but Carowinds announced 2 new (much needed) slides for the water park, as well as food venue upgrades (and I'm sure other, non-announced, infrastructure upgrades).

I'm excited!


Website | Flickr | Instagram | YouTube | Twitter | Facebook

Don't cry because it's over, smile because it happened.

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Sunday, September 8, 2013 7:31 PM
HeyIsntThatRob?'s avatar

Are you sure its not a decoy announcement?

~Rob

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Sunday, September 8, 2013 11:39 PM
bjames's avatar

Jeff said:

Paying income tax into a jurisdiction you work in but can't vote in is already immoral.

Someone should revolution their asses.

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Monday, September 9, 2013 9:49 AM

Because city services are free?

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Monday, September 9, 2013 10:45 AM
Jeff's avatar

Of course not, no one is arguing that. Paying income taxes to two jurisdictions, one of which you don't live in, is the issue.


Jeff - Editor - CoasterBuzz.com - My Blog - Music: The Modern Gen-X - Video

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Monday, September 9, 2013 10:58 AM

But if you work in a city and are not a resident, you still get the benefits of that city's services. And those city services cost money with the costs paid by someone.

If you don't want to pay income taxes in two different cities, live where you work. Or live or work in a city that doesn't have an income tax. Or live where they give 100% reciprocity for taxes paid to another city.

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Monday, September 9, 2013 11:23 AM
Raven-Phile's avatar

GoBucks89 said:

But if you work in a city and are not a resident, you still get the benefits of that city's services.

Or, do I?

Notice how I said that non-residents aren't even allowed to use the rec center, even on a guest pass. I can't use the outdoor basketball courts that are across the parking lot, either. The parks and recreation I can access here? Cleveland MetroParks, and Cuyahoga Valley National Park.


R.I.P LeRoi Moore 9/7/61 - 8/19/2008
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Monday, September 9, 2013 11:44 AM

Those are the only services the city provides? Just a rec center and a basketball court. No city maintained roads that allow you access to work? The city doesn't have a police force or fire department?

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Monday, September 9, 2013 11:49 AM
Raven-Phile's avatar

No, but if I'm paying for all of them, shouldn't I be able to access all of them?


R.I.P LeRoi Moore 9/7/61 - 8/19/2008
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Monday, September 9, 2013 12:18 PM

I am not really speaking to the issues of any specific city and which of its services it allows which group of people to access. More to the its immoral to require people to pay income taxes to a city in which they do not reside.

As to the specific examples, I can understand why a city would want to limit certain services to residents. Though with all the effort various Cleveland suburbs have put into attracting businesses I would think allowing access to things like a rec center to non-residents who work in the city (and thus pay taxes) would be a good way of attracting businesses. Brecksville though does have a certain snob factor to it. LOL

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Monday, September 9, 2013 12:46 PM
Jeff's avatar

GoBucks89 said:

If you don't want to pay income taxes in two different cities, live where you work. Or live or work in a city that doesn't have an income tax.

Thanks for that somewhat impractical advice, though I did just that and left the state entirely.

I've never benefited from any taxes paid to other municipalities. Even the freeways and state routes are maintained by the state. I sure as hell wouldn't derive thousands of dollars in benefits paid to those other cities. But I always contributed to that city's economy by eating lunch there and shopping in stores.


Jeff - Editor - CoasterBuzz.com - My Blog - Music: The Modern Gen-X - Video

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