Posted Thursday, April 13, 2006 9:30 AM | Contributed by coasterguts
Six Flags Inc. won't renew the lease for its waterpark in Sacramento, Calif., after this season, the Sacramento Bee reports. Six Flags Waterworld Sacramento, in business since 1981, occupies a strategic 14-acre spot in the heart of Cal Expo, the site of the annual California State Fair. The waterpark could be torn down after the fair concludes Sept. 4, making room for new entertainment.
Read more from Amusement Business.
Thursday, April 13, 2006 1:16 PM
Does this somehow reduce the companies liabilites that I am not seeing?
Thursday, April 13, 2006 5:52 PM
Well, it does. Without worrying about all the various operational costs of running Waterwold, and lease payments of course. I wouldn't be too surprised to see them cut all parks that they operate under a lease.
Thursday, April 13, 2006 6:03 PM
Honestly, SFMW could be next. The city wants to unload the property. I don't see Six Flags magically getting the money to acquire that property. Of course finding a new potential buyer sounds like more of a hassel, but I wouldn't be totally surprised if it happened. I'm guessing they will end up renewing the lease.
*** This post was edited by Cameraman 4/13/2006 6:09:23 PM ***
Saturday, April 15, 2006 1:25 AM
Six Flags Marine World is a park that I don't see them letting go at all, that is one of two unique parks the chain runs even though they lease the land. That park has a nice assortment of a lot of things and the animals are a great bonus.
Monday, April 17, 2006 2:46 PM
The concept of SFMW seems to be exactly what Snider is after with his plan for the parks so don't see that one going anywhere anytime soon.
Monday, April 17, 2006 5:25 PM
I'm not saying that Six Flags would want to let it go. Obviously they want it very much. But the city would also like to sell it off (to Six Flags preferably). I believe they could choose to not renew the lease with Six Flags in 2010.
*** This post was edited by Cameraman 4/17/2006 5:25:37 PM ***