As of right now my home park SFSTL, has talk floating around from high up that the park my be closing in the next 4 years. Chances are if this were to happen AB would come in an buy it out. That is if a housing developer doesn’t bid higher.
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Nurse - Mr. Hill I have diagnosed Bobby with ADD.
Mr. Hill - Then why has no one ever noticed this before?
Nurse - Mr. Hill very few people have access to the pamphlets I have.
Nurse - Here take one.
King of the Hill
What exactly is the "deadline" for their debt? How is the chain too large for the market, even though all the parks existed before SF bought them? Hasn't this been talked about before?
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Is that a Q-bot in your pocket or are you just happy to see me?
And your right I am sure it has been mentioned. In light of new evedence it appears this is a great possibility.
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Nurse - Mr. Hill I have diagnosed Bobby with ADD.
Mr. Hill - Then why has no one ever noticed this before?
Nurse - Mr. Hill very few people have access to the pamphlets I have.
Nurse - Here take one.
King of the Hill
-Nate
Parks like Wyandot that are small and unflagged will go first. Except maybe Frontier City which was their first aquisition. But there is already talk of the Columbus Zoo getting a hold of its neighbor.
Something has to give in this company. And i can't see them sit around and file bankrupcy if the numbers don't turn around. Sell off some asset to reduce debt and then the parks that are doing well can support and not be bogged down by the interest payments.
Although its highly unlikely that a top 3 park would be sold, look what happened to SFWOA. HORRIBLE attendance and I believe its a top 5 SF park. Now we have rumors of that getting sold.
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I have yet to see a sig. that actually follows the rule: tell something about yourself. In fact, this one doesn't even do that.
*** This post was edited by SFGAMan 8/4/2003 11:28:18 AM ***
*** This post was edited by SFGAMan 8/4/2003 11:29:30 AM ***
*** This post was edited by SFGAMan 8/4/2003 11:30:10 AM ***
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I lied.
Six Flags has stated again and again that they have no interest in selling off any parks. What they will do is continue to cut expenses, and also (hopefully) try to work on the issues behind low attendance at parks like SFWoA.
Attendance is down across the country due to crappy weather all season. Hopefully we'll see attendance pick up this month (if the weather stays clear, that is!).
-Nate
*** This post was edited by coasterdude318 8/4/2003 3:08:31 PM ***
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Is that a Q-bot in your pocket or are you just happy to see me?
And SF is probly making money but alot of parks are way down. For example my companys operation at SFSTL is down $250,000 from this time last year. Thats no small chunk of chang. And our per cap is down some .20$. There will be large losses this year. And I can see SF sweating bullets. The SF parks togeather in the US will not break to far above what it cost to operate them this year.
This is not only do to the weather but due to people spending less. Per cap should not change, if the weather is the same. If an 95 degree day last year made 1.50$ per cap then this year a 95 degree day should make about the same per cap. But its not.
And yes there maybe some parks that fall to the wrecking ball. It doesnt nessicarly matter if they make money. 500 acers of prime land in the middle of suburby is worth more then the theme park on only 200 of it. I gureenty the highest bidder would not be a theme park chain, it would go to a residental or commercial builder.
Any way I had a lot to say but have a limited grasp of the english language. So if something doesnt make since I am sorry and jsut ask or send me an e-mail.
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my signature was more than three lines so it got edited by a moderator! my signature was more than three lines so it got edited by a moderator! my signature was more than three lines so it got edited by a moderator! my signature was more than three lines so it got edited by a moderator! my signature was more than three lines so it got edited by a moderator! my signature was more than three lines so it got edited by a moderator!
As for SF & their money problems it might be within their best interest to close some parks (SFEG or SFKK for example) because they just aren't making enough money & that's in part due to the lack of attractions they regularly recieve.
SF just went overboard on their long term expansion plans by buying up park after park & now there's just not enough cash flow to support them all.
Bossstl said:
What if SF can not generate enough revenue to pay there debt and fix attendence problems.
I don't know but that's not for us to worry about.
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I lied.
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my signature was more than three lines so it got edited by a moderator!
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I lied.
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my signature was more than three lines so it got edited by a moderator!my signature was more than three lines so it got edited by a moderator!my signature was more than three lines so it got edited by a moderator!
-Nate
Seriously, someone read that SF owed someone a lot of money. Can someone please tell me what's unusual about that situation? Nothing. Virtually all companies owe debts large and small at all points in time. Maybe their ability to pay it down is hindered because of falling revenues. Think this is unusual in a recession? It's not ideal, but a solution can be worked out, and I'm sure SFI will be fine. Let them worry about it.
Frankly I find it nonsense that they will sell off parks.
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Is that a Q-bot in your pocket or are you just happy to see me?
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