Posted
Cedar Fair, L.P. today announced that it has signed a definitive agreement for the acquisition of the Paramount Parks. Cedar Fair, L.P. will acquire the stock of Paramount Parks, Inc., a wholly owned subsidiary of CBS Corporation for a cash purchase price of $1.24 billion.
Read the press release from Cedar Fair.
Any changes to the parks aren't going to happen overnight so it's not like any major additions are going to be made immediately but knowing how CF likes to do business with certain manufaturers & considering the market that PKD is in it wouldn't suprise me to see them make plans to install some new coasters to the park in the future.
With PKD under their control they can now have bragging rights to the most woodies & launchers in a single park,assuming FOF stays in the park of course.
"I will agree about Blue Streak, but Ghostrider has gotten tremendously rough over the years".
Ghostrider also operates all year long in various temperatures. I still don't get your point. The Beast is rough and overly trimmed, and SOB is almost unrideable.
You need to just quit...
Hey, maybe PCW will finally get an Intamin or B&M! Still thinking that a water park upgrade is in order for next season though, even with CF at the helm.
I will say it will be intresting to see what kinda passes they go with especially here in ohio, because the parks will be owned by the same company, but they can iron that all out because they have almost a year for all that. As for the identities these parks carve out should be taken into consideration, i doubt the change will be for the worse.
I can see many great things ahead, this is a tremendous leap of faith for a company to spend over a billion dollars for a few parks, i just think the six flags accuisitions are the worrying thing here to me. They had to get rid of parks, because they lost money in many ways and now borrowing from cedar fair seems to be a tough road, but they can turn profit if the economy changes. Hopefully it works out, because i looks like a good idea here in Ohio, because he gets a big seasonal park which actually outdraws cedar point. The pass thing could be good because it would increase attendance for the parks here, i was really wishing it would have not been the whole package of parks, but that was the asking intent. It will be interesting to actually go into some uncharted areas of the country for cedar fair, no longer a real regional chain, besides knotts.
Just wondering. :)
Kinzel said in the past that he would jump at the chance to buy SFGAm if it was available. Now he gets the red headed stepchild out in Cali (PGA) instead. :)
I was and still am happy but nervous about the deal. Cedar Fair just nearly doubled the size of their organization "overnight" ... are they prepared to handle that? It's going to take a lot of good solid planning and management to make this work. I'm not saying I don't have confidence in them, I just don't want to see Cedar Fair make the exact same mistake Six Flags made by spreading themselves too thin.
This may be the year to forget everything you thought you knew about wood coasters as it relates to the Big Three chain parks because...possibly for the first time in years...it seems that Cedar Point has got its wood coaster act together while Kings Island's wood coasters have gone to hell in a handbasket.
(re: smoking areas)
Oh, no, not again...
(re: me_al detectors at Kings Island)
Cedar Fair removed those things from Geauga Lake; we can only hope they will do the same at the CBS parks. I'll volunteer to drive the bulldozer. When it takes more time, effort and aggravation to get into an amusement park than it takes to board a commercial airliner, something is seriously screwed up somewhere. Cedar Fair's security model is a whole lot more customer friendly, and very discreet. I watched a take-down once at Cedar Point, and if I hadn't recognized what was going on, I probably would never have noticed. The CPP are pretty good at what they do.
--Dave Althoff, Jr.
Well, if you knew the answer, why did you ask the question?
Because I wasn't sure if MiA started as an old trolley park (which would make it even older than the 1920 berry stand). I'm OK with West Coast park history...a little shaky on anything East of the Rockies. But with the internet, that's not really an excuse anymore. I guess I'm just lazy. ;)
...which is EXACTLY why I'm P.O.d that Paramount removed Great America's train. ;)
I'm planning to go to KW with my sister this summer to ride the wooden coasters there. We all know what a good job this park does with these rides. If GL is getting things right, we might go there as well.
Will they retain the chain restaurants(skyline,graters..etc)?
Will winterfest continue?
What will become of king cobra that is in storage at the park? I can think of a park in michigan that could use it.
What will happen to son of beast? Remember herculies(sp), they demolished it because it did not meet the cedar fair standards.
Coke or pepsi?
What will happen to the paramount walkthrue next to the eifel tower?
I am sure it is too early to answer some of these questions, but I was just wondering what you guys thought of this?
(re: me_al detectors at Kings Island)
Cedar Fair removed those things from Geauga Lake; we can only hope they will do the same at the CBS parks. I'll volunteer to drive the bulldozer. When it takes more time, effort and aggravation to get into an amusement park than it takes to board a commercial airliner, something is seriously screwed up somewhere. Cedar Fair's security model is a whole lot more customer friendly, and very discreet. I watched a take-down once at Cedar Point, and if I hadn't recognized what was going on, I probably would never have noticed. The CPP are pretty good at what they do.
I actually thought that KIs metal detectors made me feel safer. Whats wrong with them and what does CP use instead? I know they have cameras everywhere, but how do they see what is hiding in clothing or bags? It has never taken me more than 3 minutes to get through the metal detectors at KI.
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