Geauga Lake auction dates 6/17 & 6/18

Was the park purchase worth it for the rides that they got out of it and have relocated?

That's debatable. They said on one of the conference calls that essentially it still costs 50 cents on the dollar to move versus build new. For those rides, what's that, $25 million in savings?

Let's not forget that they still have a functional water park that (presumably) will continue to generate revenue.

...the land sale is still problematic though, no? I mean, do you sell now and take a bath, or hold on for a market upturn under the notion that the price rebound will make up for interest losses in the meantime. I won't even pretend to know how the real estate market looks in Ohio...esp. when virtually every city in FL looks different in terms of property values.

Still can't help but believe that removing the high-cost steelies should have been done RIGHT after CF bought the place...to differentiate the offerings from CP's. As it was, the park was too similar to CP for WAYYYYY too long...

Thanks for the info Jeff. Interesting to note that. I agree too that they do have a water park that should do very well. When there at the park last summer. When the gates opened on the park side, there was a huge flow to the water side. Felt then that it was obvious which side of the park would last.

I am a ACE member and I plan on atteneding the auction for one of the days, not to cause trouble but to try to pick up something to remember the park by.

In regards to CF plaining this the week of the ACE event is pretty dumb I don't think CF is truly worried about ACE consdering the relationship between the two.

Also feelings aside GL was closed due to the bottom line. I know that geaugalaketoday everyone thinks other wise but the park failed to make any $$ so they closed. I am sad to see the park go but business is business. If I have a business that fails to generate any profit I would have to close it. I am certain that CF would have loved to see the opposite happen rather than to close down the property. I have feeling for the park and it will be missed but if failed to make any money so it must go. RIP GL

I don't know that commercial real estate is in the crapper, is it? Residential, sure. God knows there's enough retail construction alone in that area.

While I'm still bummed out about the amusement park side closing, CF made the right decision before things got worse. When your in business to make a profit, market value carries more weight than sentimental value. These conspiracy theories about holding the auction during the same week of Coaster Con are completely bogus. Looking at Norton's website, they have a pretty busy schedule in the next coming months.

Here is aerial video recently shot of what is left to the park.

http://www.wkyc.com/video/player.aspx?aid=58020&bw=

For the first time since they announced the closure, I can say honestly, that was difficult to watch.

I grew up going to company picnics at both GL and CP with my family, and I remember spending hours upon hours in the water park, and then eating dinner at the restaurant that later became "Beachcombers" under CF.

Welp. Damn.

The Flyer is now up. Brochure available soon.

http://www.nortonauctioneers.com/Auctions/GeaugaLake/Geauga.jpg

im just sad about geauga lake that park really ment alot to many people

Please don't associate "Geauga Lake Today" with the ones that were b*tching about the conspiracies. Yes I know that one of the "conspiracists" is a webmaster over there, but I don't think the entire site bombarded Coasterbuzz.

I think somebody who in into preserving wooden coasters might buy one of the woodies.

Considering the considerables, I'd be surprised if any of the three survived. I know which one I'm *hoping* is saved - but another G-trained CCI is almost certain to follow in the footsteps of HC5 (and perhaps lead the way for SFKK's Twins?).

Maybe Kenobl'es wants to buy it and add it to their woodie collection.

Doubt it. Sounds like they've got their hands full just getting Flying Turns operational.

So i'm wrong. i sure one of these smaller parks would like a CETRIFIED PRE-ENJOYED coaster. Maybe Canobie Lake? i think they need another classic woodie.

Article in the Akron Beacon Journal:

http://www.ohio.com/news/top_stories/17287254.html

Crap! I was there in '05 and new regret not riding the thing!

I would love to see all of the coasters saved and put into new homes, along with all of the rides from GL. I could easily see some of the more "local" parks trying to buy some of the coasters cheap. Parks like Darien Lake, Waldameer, Kennywood, Martin's Fantasy Island and Seabreeze would all be within about a 4 or 5 hour drive at most from GL and would probably be cheap to transport most rides to.

I truly think that most if not all coasters will be auctioned off at a very good price and will find new homes. I truly hope that Big Dipper finds a place where people will appreciate what it is. A great classic coaster!

I do feel bad for those of us who used GL as their home park, but let's hope that most rides live on and keep the GL tradition going.

Personally I am hoping that Villain ends up at Darien Lake. They need a good wooden coaster up there