Posted Monday, February 28, 2005 11:26 AM | Contributed by redman822
The City of Vallejo wants to sell Six Flags Marine World to Six Flags, and plans to make the deal more attractive for the company. Six Flags said just a few months ago that they were not prepared to exercise their purchase option on the property.
Read more from The Reporter.
Monday, February 28, 2005 12:00 PM
Frankly, who else is going to buy it? As far as the revenue that the city is collecting from them, while it seems that the city is going to take a loss, going from 2 mil to 750,000 a year, being city owned there is no property taxes being collected. Once the title is transfered it will be a whole different ball game. I would surmise that Vallejo would come out ahead on that deal.
Monday, February 28, 2005 12:14 PM
Well by contract, no one else can buy it other than Six Flags. The reason this is newsworthy is because apparently the city wants a lot of cash in a hurry. If Six Flags really plays its cards right, they could walk away with a good deal. Given their own cash flow, of course, it had better be a damn good deal!
*** This post was edited by Jeff 2/28/2005 12:14:53 PM ***
Monday, February 28, 2005 1:50 PM
IIRC, the last time this came up was when SFI was spending like no tomorrow, but the city at that point tried to ask for an *exorbitant* amount of money....even for CA real estate, LOL.
If SFI can buy this at a *reasonable* price, then it might be a good move for them...I think this could be one of the parks with "better than average potential" for SFI...
Of course, they COULD just bring in the NHL negotiating team and scrap the deal altogether...;)
Monday, February 28, 2005 2:17 PM
This will be interesting. Can't wait to see what kind of deal they come up with.
Monday, February 28, 2005 3:10 PM
How about getting Vallejo to lift that ridiculous 150' height limit as a part of the deal?
Tuesday, March 1, 2005 12:25 AM
Exactly what I was thinking. SF has so much power in this deal it is outrageous (not in a bad way, though). I'd just say, "Sure, give me a good deal and a 250' height limit and we have a deal!" heh..
Tuesday, March 1, 2005 1:45 PM
And people will surely say, "Well, I really want to ride that 200' coaster at Great America and SFMW only has 150' coasters, but it's not their fault because of the height limit. Let's go to SFMW."
The fact of the matter is that a lot of people in the area have been to SFMM and other parks with monstrous coasters and I've heard quite a few people in line wishing for some bigger rides.
Tuesday, March 1, 2005 7:15 PM
so you think the GP is so dumb that they wouldnt be able to see that a junior hyper is smaller than SFMM's Goliath or worse yet S:TE?
--who thinks enthusiASSes are dumber than the GP on their worst days
Thursday, March 3, 2005 8:08 AM
And with the marketing SF would use, the GP really wouldnt know the difference.