Posted Wednesday, May 2, 2007 9:33 AM | Contributed by ShiveringTim
Cedar Fair CEO, chair and president Dick Kinzel talks with a Plain Dealer reporter about the acquisition, business and Maverick.
See the video from The Plain Dealer.
Wednesday, May 2, 2007 12:19 PM
Well after listening to that, looks like Geauga Lake won't be getting a new coaster anytime soon. Plus, if attendence continues to go south, probably most of the coaster will be gone or the park will be closed.
Wednesday, May 2, 2007 12:43 PM
They just took two out of GL. Why would they put more back so soon?
Wednesday, May 2, 2007 12:44 PM
I love his take on the weather and how it affects business.
"As I mentioned, it is a seasonal business. We're only open 130 days and every day we miss - that's almost 1% of our revenue..."
Never really though about it that way. :)
Ride of Steel
Wednesday, May 2, 2007 1:25 PM
He's such a good guy, I hope in 2011 whoever they promote is just as successful.
Wednesday, May 2, 2007 4:20 PM
KIZLE is such a great fellow. I love KIZEL. Kinzel on the other hand is a money machine, who's I've never met so I won't judge :)
Chuck. Who says Considering GL cut their operating days by a ton. How many percent does that add up too?
BATWING FAN SFA
Wednesday, May 2, 2007 5:28 PM
And what did he have to say about the paramount aqqusitions?
You know,soon it'll be time once again to make predictions for the 2008 season & I'm interested to hear about what future plans they have for KD.
Wednesday, May 2, 2007 5:52 PM
So now that we're all tired of hearing how SFA "deserves" something new, you're moving on to KD?
Wednesday, May 2, 2007 6:29 PM
Attendance under 700,000 is the reason why GL cannot get a big coaster so that is not good news for MiA fans.
Wednesday, May 2, 2007 8:16 PM
Why would you ever expect otherwise?
Wednesday, May 2, 2007 9:32 PM
The park that deserves a new coaster before anyone is Great America. KD stole Hypersonic XLC from them and GA's "newest" coaster was Psycho Mouse in 2001. And they got rid of Greased Lightning in 2002 and Stealth in 2003. Time for a new coaster IMO.
Wednesday, May 2, 2007 11:42 PM
What are you talking about? You make it sound like general managers met in the parking lot and beat each other up for lunch money. Did you ever stop for a moment to think that there were sound business decisions for every single capital move made?
Thursday, May 3, 2007 7:56 AM
Of course not! What makes you think that some people actually think before they speak (write)?
Thursday, May 3, 2007 8:11 AM
I like the "parking lot fight" scenrio a lot better.
Thursday, May 3, 2007 8:41 AM
I don't know why I even bother - I guess it's because "Gonch the Amateur Mogul" needs the support ;) - but here we go again.
"Chuck. Who says Considering GL cut their operating days by a ton. How many percent does that add up too?"
You are missing the point. Keeping a park open and staffing it appropriately is expensive. Using last years same-park numbers (not including PPI) operating expenses were $434 million dollars for the 7 parks and 5 water parks. Using Kinzel's 130 scenario, that's $3.3+ million a day. At $38 per cap that means that on any given day the "original" parks need close to 90,000 guests total. Even though averaging doesn't really work here, it will for demonstration - so on a nice April weekend, 7 parks (too cool for water) need to average 13,000 people, GL's average gate is under 6000 per day using the 130 day 700k numbers. That's pretty telling to me. Any time you need to pay 2500 employees to service 3000 customers at an amusement park - you lose.
Like it or not, without money, these parks will die.
Thursday, May 3, 2007 4:40 PM
Looks like they have a lot of faith in the Paramount parks.
Friday, May 4, 2007 3:28 PM
well,I am A big fan of Cedar Point since I live really close. Hey when you have the best practially in your bad yard you need not to wander far". I do hope that GL does well in the future It a ok park not one of my favorates and I hate to hear of any parks demise.It s even cloeser to my home . But this park does nothing for me . Even before the taking of the two coasters I dont really care for there ride package and the lay out of the park always has a traffic jam no matter where you turn.The Duall consept of making themer have a beginning ,middle and and a end and is the way to design a park.Duall was the eventor of this proccess. Disney has it King island has it for sure . Younever get stuck there But I do hope that Geauga Lake does well this reason. I wish them all the luck in the world.
Friday, May 4, 2007 3:31 PM
did you check out the new Cedar Point Maverick pics on there site? The ride looks like its going to be a winner