Posted Wednesday, August 15, 2007 9:16 AM | Contributed by Jeff
A newly formed California theme park company is preparing a $12 million offer to buy Wild West World, lawyers revealed during a hearing Tuesday in U.S. Bankruptcy Court in Wichita. Parks America Inc. of Santa Monica, Calif. --a sister company of Great American Family Parks Inc. --submitted a letter of interest Monday to purchase the park, said Ed Nazar, the bankruptcy lawyer for Wild West World founder Thomas Etheredge.
Read more from The Wichita Eagle.
Wednesday, August 15, 2007 9:47 AM
Sounds great. I really didn't wanna see this place close down for good. Now we gotta hope that the new owners will still have interest in a 2009 woodie.
Wednesday, August 15, 2007 12:04 PM
Personally, I'd think they'd be more concerned about their investment than a woodie in 2009... While the park *needs* the coaster, they need to be open and operating more than they need to be thinking about a new coster in 2 years...
Wednesday, August 15, 2007 12:26 PM
I'm not sure I agree. I don't think it's reasonable to expect most business to be profitable in the first year, and you should expect to take a loss and account for operating expenses as part of your initial financing (something the current owner clearly didn't do).
Wednesday, August 15, 2007 3:45 PM
The 12 million will only cover half of the debt that the park is in. But I do hope that something happens, so this park can reopen soon.
Wednesday, August 15, 2007 5:20 PM
Im with Jeff on that one.
My brother visited two days before it closed and said everything was vibrant, The shows and themeing were excellent and except for a ANCHOR ride they had a great time.
Give it a chance. Seems some buyers are interested in trying too and if they come up with the 12 mill up front, At least the lien holders get some of their money back. If it's suscessful, They could recieve all of it back.
Wednesday, August 15, 2007 8:41 PM
What is amazing is the communities hostility towards this project. I've read several of the letters in the newspaper forums in that area, and it seems like a lot of people thought it was a big joke.
While you and I may see things differently, a lot of the community thought the rides weren't up to themepark standards, and were better suited at a carnival. I think they were looking more for a park that started out with the big rides like the Hard Rock Park, instead of a park that would add its first big coaster not until 2009.
Wednesday, August 15, 2007 10:32 PM
I think Kool Moe Dee should buy it and retheme it to Wild Wild
Wednesday, August 15, 2007 10:50 PM
^^That's because most people, even those crazy kansans, seem to hold everything to Disney standards. The rides were fine from what I saw, they were all newly re-habed or just plain new. It's the park and it's lack of proper theming and foliage that wasn't up to typical theme park standards, if there are such things.
Thursday, August 16, 2007 1:49 AM
Intamin, it sounds like a lot of the hostility is directed toward the park's owner. Maybe he has a bad reputation in other business dealings.
I had to laugh at the comment though about the potential buyer "gearing its parks toward gay couples and their children." Then I laughed again when I saw the company is the old Moldovan wine importers.
Thursday, August 16, 2007 3:46 AM
^who are the old Moldovan wine importers?