Cedar Fair spending $83 million next year

Thursday, December 21, 2006 8:10 PM
http://www.businessweek.com/ap/financialnews/D8M5H5900.htm

Includes $4 million in restaurant renovations at Cedar Point, $10 million at Kings Island and $8 million at Knotts.

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Thursday, December 21, 2006 9:01 PM
$10 million at Kings Island huh? I wonder how much of this is going to the SOB rennovations alone?
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Thursday, December 21, 2006 9:03 PM
New waterpark improvements? Wonder which ones are getting the touch up? As much as I would like one of them to be WWK at GL, I highly doubt it.
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Thursday, December 21, 2006 9:09 PM
It's been a while since they did anything with Soak City, I wouldn't be surprised if something isn't placed there.

Michael
The Blog

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Thursday, December 21, 2006 9:24 PM
crazy horse's avatar I think it was 2 years ago, that soak city added that big water play/slide complex.

what you've just said is one of the most insanely idiotic things I have ever heard.
Everyone in this room is now dumber for having listened to it.
I award you no points, and may God have mercy on your soul.

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Thursday, December 21, 2006 9:27 PM
More details available at http://www.cedarfair.com/ir/press_releases/index.cfm

CP:
- $21 million on Maverick
- $4 million on restaurant renovations and general park improvements

King's Dominion:
- $11 million water park expansion (second wave pool, a Tornado water slide, and a Zoom Flume raft ride)

King's Island:
- $10 million (major new thrill ride(s) that will be announced by the park at a later date)

Knotts:
- $8 million (major new thrill ride(s) that will be announced by the park at a later date)

Valleyfair:
- $7 million on Renegade

"The remaining capital will be allocated across [their] other seven parks and will include new rides and attractions as well as new restaurants, ice shows and general park improvements. " (average of $3 million / park)

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Thursday, December 21, 2006 9:33 PM
Mamoosh's avatar Dang...looks like SFDL and SFA get screwed again next year! ;)
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Thursday, December 21, 2006 9:40 PM
sws's avatar The Cedar Fair website pretty much spells out which parks will be getting the money.

http://www.cedarfair.com/ir/press_releases/index.cfm

It appears the waterpark improvements will be at PKD. I suspect the PKI money goes to SoB and X-flight. It doesn't appear there will be much money spent on any additional projects that haven't already been anounced. If your local park hasn't already announced their plans, don't expect Santa to bring them anything special for Christmas this year. :(

scott

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Thursday, December 21, 2006 9:40 PM
Sounds like KI is getting something decent and new... I can't imagine it costing $10 million to move X-Flight.
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Thursday, December 21, 2006 9:49 PM
sws's avatar ^ PKI also has to fix SoB which won't be cheap. Between those two projects, there may not be much left over. I wouldn't expect any other major additions.
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Thursday, December 21, 2006 9:55 PM
Yes, but X-Flight + SOB rehab + other park renovations could well add up to $10 million.

^Beat me to it. *** Edited 12/22/2006 2:57:18 AM UTC by Ensign Smith***

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Thursday, December 21, 2006 10:12 PM
crazy horse's avatar For the amount that they are spending on Sob, they could have tore it down and built a good wooden coaster in its place.


what you've just said is one of the most insanely idiotic things I have ever heard.
Everyone in this room is now dumber for having listened to it.
I award you no points, and may God have mercy on your soul.

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Thursday, December 21, 2006 10:27 PM
^ We don't know how much is going to SoB...calm down. I think we can all say we know CF did the best business decision possible in their case with SoB.

*** Edited 12/22/2006 3:28:16 AM UTC by Geewhzz***


-Geewhzz
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Thursday, December 21, 2006 10:37 PM
Besides...the money is to make it a good wooden coaster!
Real Cbuzz quote of the day - "The classes i take in collage are so mor adcanced then u could imagen. Dont talk about my emglihs" - Adamforce
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Thursday, December 21, 2006 11:35 PM
This may be out there but does anyone think that the money spent at Knott's may not just be for that new rollercoaster Sierra something or another but maybe something else. I dont truly believe that thing wont be that much. Just a thought

Bolliger/Mabillard for President in '08 NOT Dinn/Summers

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Friday, December 22, 2006 12:12 AM
Mack rides are very expensive unfortunately. Parc Asterix spent 12-13 millions on one of their Bobsled coaster! Their original spinning coaster (Euro Mir at Europa Park) was reported as costing as much as 30-35 millions.
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Friday, December 22, 2006 12:45 AM
At the Halloween Haunt Ace-event, the figure given for the new mouse was $6 million. I'm guessing the rest will be other improvements around the area of the ride. You know, new concrete and stuff! ;)
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Friday, December 22, 2006 1:42 AM
Nothing for Carowinds (unless we get Steel Venom, which I doubt since it's still on the GL site and XFlight's not). :(


Figures after they talked about what an interesting possibility it presented, in being a picturesque park in an uncontested region that has destination possibilities, that they'd add nada. FU @ CF. I want Paramount back.

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Friday, December 22, 2006 1:47 AM
Lord Gonchar's avatar

Mamoosh said:
Dang...looks like SFDL and SFA get screwed again next year!

That is much funnier than it got credit for. :)


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Friday, December 22, 2006 10:53 AM
Mamoosh's avatar Thanks, Gonch! ;)
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