Six Flags finalizing deal to operate La Ronde

Posted | Contributed by Jeff

French-Canadian newspaper Le Droit reported Thursday that the City of Montreal, Quebec, is closer to closing a deal to lease its La Ronde amusement park to Six Flags, Inc., pending talks with the local labor unions. According to the story, Park Astérix of France, Cedar Fair and Paramount Parks were also considering the property for acquisition.

The deal cut with Six Flags will lease the property for a minimum of 40 years at the bargain basement rental rate of CDN $2 million per year. The leasee must also agree to spend $75 million CDN ($48.4 million USD) in capital improvement over the next three years, as well as build a hotel and spend another $25 million CDN ($16.1 million USD) to repair existing rides and real estate.

If your French is polished, read the whole story. If not, plug that URL into the Babel Fish.

Related parks

La Ronde

The mayor of Montreal doesn't want to be in the amusement business, and has been shopping around for buyer for about a year now. One of the major stumbling blocks has been the unions. They don't give concessions,period. IMO, Six Flags is making a big,expensive mistake.

I think its a good choice,they don't have anything to lose really.Its about time there is a Six Flags in Canada.Pretty soon,Six Flags will take over the world!!

-------------
"Go Full Force."
Millennium Force

Nothing to lose? More than a $100 million isn't exactly chump change, you know.

-------------
Jeff
Webmaster/Admin - CoasterBuzz.com

well at least that will be some where else my season pass is good at.
making a season pass a better deal than ever.
i wouldn't mind ridding that coaster for free seeing a pass renewal at my home park is $54.00
if you buy 4 passes.
long live six flags season passes

Six Flags, the WalMart of theme parks? Can you say world domination?

Does that mean they'll sell guns and ban hard rock CD's?

-------------
Jeff
Webmaster/Admin - CoasterBuzz.com

i agree that six flags is the walmart of amusement parks. They have just about no uniqueness with the parks or rides!

They don't have nice senior citizens greeting you at the door, either.

-------------
Jeff
Webmaster/Admin - CoasterBuzz.com

Yet another park will fall into the rigid mold of the Six Flags name.

-------------
http://www.geocities.com/munkres.geo/

"The leasee must also agree to spend $75 million CDN ($48.4 million USD) in capital improvement over the next three years"
How much did SFNE's Superman cost? :)
Or Goliath for that matter...
I wish...
-------------
-Dave Rutherford
*If things seem under control, you're just not going fast enough*

You must be logged in to post