Posted Friday, January 12, 2007 9:34 AM | Contributed by Jeff
Six Flags Inc. announced Thursday that it had sold seven of its 30 theme parks and water parks — but not Magic Mountain, which local authorities feared would be sold as real estate. Local authorities expressed relief that Magic Mountain, which generates more than 3,000 jobs for the region, will stay put.
Read more from The LA Times.
Okay, so it's a reach on both parts, but hey, wishful thinking......
And how exactly do you know they make the most profit?
...and Jeff, SFMM had to make the most profit, they had the highest operating cost...so it only stands to reason... ;)
Three: one near Log Jammer, one near the bumper cars, and one in the tunnel.
Oh, and there's a big billboard on my drive to work advertising a season pass for the price of a day's admission PLUS a child [under 48"] free. Looks like the SFMM Babysitting Service is alive and well! ;)
*** This post was edited by Mamoosh 1/12/2007 8:04:49 PM ***
I think Knott's and the Disney properties are the only ones left in our area that doesn't offer the babysitting level pass.
It all comes down to money. If they can get the park up to the point of becoming more profitable to them, I don't think they could care less whether it's family friendly or not.
I still think the ultimate goal is to eventually unload it anyway. But in it's current state, no one will come near it.
But i don't know who would wanna buy it maybe Cedar Fair but with the recent purchase of the Paramount Parks right now it seems unlikely.Unless they can buy it at a great deal they offer or SF offers.*** This post was edited by coaster_maniac 1/13/2007 4:11:23 PM ***
Think about it - you're about an hour away from Knott's. That's similar to the GL/CP fiasco where they were competing with themselves. People were still complaining in 06 that they couldn't use their pass from one park at the other without paying extra ahead of time, when they could get in to all the other CF parks without an additional charge. That may be relieved a bit with the paramount properties causing NO other park to be included and going with the Maxx Pass, however the incremental cost is different, and that would still likely cause a Knott's Maxx Pass to be more expensive if MM was in the equation.
The park is on CP's level, and even competes (or at least has in the past) for the title of most coasters. No matter how profitable, CF wouldn't want a park that competes so closely with their flagship, CP. As it is, PKI is a little close for comfort (I mean in the level of the park.. I don't mean geographically), and I wouldn't be surprised to see the level of the park come down gradually (or at least not keep pace with the Point) over the next few years to be sure that it remains the flagship. Heck, as it is we see a vs. thread for MM/CP pop up here about once a year or so.
It's no where near family-friendly in it's current state, and that is what CF thrives on (for good reason!) IMO there would be too much work needed to SFMM to get it up to CF standards.
With all that said, there are plenty of other properties out there that CF could gobble up once they pay down a good portion of the debt from the Paramount deal that makes SFMM not attractive for them to purchase.
On the other hand, Dick won't pass up bargain-basement prices for a park with such promise, so it doesn't mean it's out of the question... just highly unlikely.
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