Six Flags Elitch Gardens price: $170 million

Posted | Contributed by GregLeg

Six Flags Inc. will start marketing its Denver property for sale this week. The city wants the site to continue as an amusement park, but some see it as a mixed-use development. The owner of Denver's Six Flags Elitch Gardens amusement park is seeking $170 million for the 75-acre site, according to a real estate developer who has seen the offering.

Read more from The Denver Post.

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I don't think you'll be seeing CF buying anything for a long time. I mean, if you look at it, they just spend $2.1 billion on 5 parks, probably somewhere in the ballpark range of $25 million for their new coaster their building at Cedar Point, and then you have to figure the costs of retheming 5 parks, fixing up some of their rides, repaving the parking lots (almost all of them need it), tearing down old attractions, and building new flat rides and coasters in every park. I don't think you'll be seeing them buy any new properties for at least 8 to 10 years.
Jeff's avatar
How do you conclude that CP's new coaster will cost $25 million? You don't even know what it is!
Coaster Kevin, Actually yes, the site of Elitch Gardens was a Superfund and was never properly cleaned up, they paved over it with the park, and so much of the soil is still contaminated. It was the former trainyard and actually for the first 3 or 4 seasons, the old turntable was still sitting in the park where the Batwing now sits. As a result it will be an expensive redevelopment should that be it's fate... Along with the cleanup is the fact that Elitch's is sitting in a flood plain.
Well Jeff MF cost $25 million back in 2000, TTD Cost $25 million in 2003, both of course built by Intamin. Last time I checked the price of steel is at an all time high, and from what we have seen so far there is a lot of steel sitting around for this ride. $25 million seems like a good guess. But hey Jeff maybe he is off by 10% or so. Care to make a bet that this ride is going to cost between $22-$27 million? Ohhhh wait he said ballpark didn’t he? Thanks for playing.*** This post was edited by indyandrew 8/10/2006 1:43:25 AM ***
Jeff's avatar
Did it ever occur to you that I might be in the loop?
janfrederick's avatar
Hey! That might be a hint! He said "loop"!

Thank you for playing. ;)

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