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LeSourdsville Lake, an amusement park that opened in 1922 and entertained thousands of families over the years with swimming, rides and concerts, is coming down. The owner has decided to dismantle the southwest Ohio park to expand his RV dealership. "It hurts me, but I've got to move on," owner Jerry Couch said. "I'm moving on with the business that's been good to me, and that's campers."
Read more from AP via The Plain Dealer.
"Couch said he lost $500,000 in reopening the park."
I supose he should continue to loose money for you guys in case you have not gotten "the credit" yet. (sigh)
Tip to the 5 posters above: Don't start your own business.
*** This post was edited by Patrick K 5/25/2006 10:48:29 AM ***
This has nothing to do with the park having lost money when Couch operated it. It has to do with the fact that he claims he has exhausted all options while also claiming he received numerous offers from others to operate/buy the park. It doesn't exactly sound as though the guy was backed into a corner. If he was upfront and honest about things this might be understandable but it always seems as if the guy is talking out of both sides of his mouth.
Patrick K: I have been quite successful in business and on my own, actually.
The article states:
"would-be buyers weren't prepared to operate the park "the way it should be done." "
I fail to see how keeping the park closed, partially liquidated, and partially redeveloped into a different business is "the way it should be done". If Couch bought it for the land he should just be honest and upfront about it.
Okay, here's some food for thought... but first a quick story...
About a decade ago, the stores in the center of my hometown were vacant. It wasn't because of lack of demand, it was because the property owners (who were involved in many business ventures) jacked up the rent prices so high that no company in their right mind would take the space. And since the stores were left vacant and were not making the owners any money, they were able to write them off as losses to offset the money made from their other profitable businesses.
Is it possible that Couch WANTS a vacant amusement park? It's been said several times that he was approached with offers by people that wanted to both lease the park and purchase the park but he turned them down. Maybe he is selling off the rides that he knows he can make a quick buck on while keeping a certain number of signature rides that allow him to maintain the property as an amusement park that doesn't operate and "loses" money each year? Maybe a closed amusement park helps his camper business make more money when tax time comes around?
It's as though if you're not some superpark with huge backing your small family owned place is doomed...that's what is really sad!
I never said or even insinuated that I don't understand Couch's business decision and I don't understand why you always insist on assuming my emotions blind my ability to understand the many aspects of a capitalistic society.
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