Six Flags postpones Marine World purchase

Posted Monday, November 12, 2001 5:21 AM | Contributed by djansi

Six Flags has indicated to the city of Vallejo that they will not exercise their option to outright purchase Six Flags Marine World this year, which is currently owned by the city and operated by the company. A letter to the city's mayor from Six Flags indicates they want to put it off as they have been implementing a heavy capital investment plan throughout the chain.

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Monday, November 12, 2001 5:53 AM
Looks like a win-win situation for both the City and Six Flags. Does this mean that the cost of purchasing the park from Vallejo will increase as the city owns more of the park?

Webmaster, Jes's Roller Coasters
"Thank You Jeff Putz" *** This post was edited by Zero-G on 11/12/2001. ***

Monday, November 12, 2001 11:16 AM
Keep the park as long as you can, make Six Flags beg for it, so you get more coasters,hehe:).

No, it's probably because of Six Flag Inc. finacial problems.

*** This post was edited by Acrophobia on 11/12/2001. ***

Monday, November 12, 2001 12:18 PM
Apparently it's a "least to own" situation. It's good for the city in the long term because it provides a revenue stream for them. The outright purchase is just a one time thing.

Jeff - Webmaster/Admin -
"As far as I can tell it doesn't matter who you are. If you can believe, there's something worth fighting for..." - Garbage, "Parade"

Wednesday, November 14, 2001 7:38 AM post disappeared again...don't think I violated anything mentioned in the FAQ. Must be technical...oh well:

All I said was that perhaps it is a way to make the city happy...and happy city = relaxed restrictions for future development.

"I'll bet that thing hits 5 Gs going through that loop.....faaar ooouut!"


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