Conneaut Lake Park goes further into debt.

Wednesday, November 1, 2006 2:28 PM

The financials for this past summer indicate they went another 225,000 further into the hole.

Not good.

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Wednesday, November 1, 2006 2:32 PM
Lord Gonchar's avatar I just don't see how this park is a viable business anymore.

I seem to remember reports of actual crowds at the park during this season (too lazy/busy to dig through the TR's right this moment)

How long can something go on losing money before you have to suck it up and pull the plug?

Wednesday, November 1, 2006 2:40 PM
Yeah and they are still purchasing rides and stuff. I don't get it.

IMHO the park could succeed if it booked more events, picnics and made a full blown waterpark.

Problem is, That takes capital.

Wednesday, November 1, 2006 2:44 PM
Lord Gonchar's avatar Yeah, once you get sucked under it becomes a vicious circle.

I know many opinions differ, but I think SF is in a similar situation - exactly in the way that you describe, Chuck. High debt, non-existent profit and fixes needed.

You can't fix things without money and you can't build money unless you fix things. Kind of, "Damned if you do, damned if you don't."

I think the lesson here is to not get into that vicious circle in the first place. :)

*** Edited 11/1/2006 8:38:08 PM UTC by Lord Gonchar***

Wednesday, November 1, 2006 3:09 PM
One of the things I found interesting in the article was that Camperland did only about $5,000 less than the Hotel.

Help me out on the gift shop losses. The
stuff they had this year was the same they had last year, a bit more dusty though. From what I was saw, it was a one-person operation, so i know it couldn't be totally due to employee wages. It didn't lose a lot of money, but how did it lose any at all?

An expanded waterpark would be great if they could swing it.

Vicious cirlce is right.

Maybe Wyandot will toss them some of their waterslides like Erieviews Darkride. Nah, i don't think they could be that lucky.

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Wednesday, November 1, 2006 3:22 PM
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