Posted Friday, November 19, 2010 12:21 PM | Contributed by Jeff
CNL, in a Wednesday filing with SEC, said the company is “currently negotiating an orderly termination of our leases with PARC and expect to transition those properties to new third-party operators during the off-season.” The decision apparently comes after PARC defaulted on its lease and loan obligations in October 2010, according to the SEC filing.
Read more from The Daily News.
Wow, bummer. I thought they were doing a pretty good job with the park this summer.
We had a great time at our first ever visit to Darien Lake in mid-October...already want to return....hope it all works out!
I have only been to DL once. We had a good time, but it seemed like they were trying to pinch every penny till they make Lincoln bleed.
Dave, I never felt that way when I visited Darien Lake this past October. I can say I feel the way you did when visiting Cedar Point and most of its properties, but Darien Lake gave us such a deal, the extra 1 hour drive compared to going to Cedar Point in the Fall was still worth it. I plan on returning to DL again next year, and it may become an annual fall getaway for the foreseeable future.
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