Six Flags "The Rise And The Fall"?

I-Fan,I also heard some pretty juicy info for next year & a bit beyond & it involves rennovation of the waterpark & a possible new coaster in a couple of years after that.

BTW were you working saturday (9/6?) if so what ride were you at? I didn't see anyone other than maintenance staff running Sonora speedway(those new open seater karts are great in comparison to the old ones) & I'm not sure if you were at JJ or not(that thing actually had a long line for once) so if you weren't at JJ then I assume you were at the skycoaster then.

Back on topic:I'm suprised that SFI had a debt of any kind during the TW era,I always assumed that the primary reason for selling the chain to premier was so they could avoid the lawsuit involving SFOT & SFOG.

Playa, at most Time Warner had $1 billion in Six Flags debt and then they sold the park to Premier for another $1 billion, so PKS took out the $1 billion loan and assumed another $1 billion in debt, for an initial $2 billion in debt.

This has swelled to about $2.5 billion in debt now as they keep losing money and have taken out a few more loans for extra parks like SFNO.

By contrast, Time Warner bought the chain in the early 90s for $120 million and assumed half a billion $ in debt. The sale to Premier for $1 billion was a good deal, except for that pesky $450 million lawsuit the SFOG folks filed against Time Warner immediately afterwards.

Gator: Can't you just whip out an ACE card before you say it? ;)

Yeah, riiiigggghhhhttttt 'Playa....;). I know that ACE card always impresses parks...hehehe.

Let's just say this dusty old degree from UF's College of Business isn't getting any younger....THE little gold seal on the side *might* be an indication that I really DO have a clue....then again, I don't have stock selling at $4-something a share...;)

My ACE membership would probably hurt WAY more than it would help in terms of employment (probably is my way of saying DEFINITELY, but being polite about it)....;). Just because I'm an enthusiast doesn't mean I'm not *primarily* an economist, with quite a keen eye toward *demographics*...what this all has to do with the amusement industry, that's anybody's guess....;)
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"Ju-ju-just like the bad guy, from Lethal Weapon 2, I've got diplomatic immunity, so Hammer you can't sue, can't touch me...." The Peter Griffin Rap

On 9/6, I was working in Movietown (woo-hoo!). I started out at Bugs Bunny's Backlot Trucking (Zamperla Convoy, which by the way came from Opryland), and then after they trained a group of fraternity guys (on temporary status) on some of the kiddie rides (and elsewhere), they moved me to Circus of the Stars, a mini-bumper cars ride.
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If someone makes a post and you post-quote it right beneath it, you're wasting bandwidth. Think before you press the button.

The important thing about the Time Warner sale of SF is that thte company was losing money hand over fist on the parks as well as in other areas of their business. For two billion they got some cash to reduce debt and relieve themselves of an investment that took a lot more time, effort and knowledge than they thought. Sounds like a similar situation if you ask me ;)