Posted
After tanking under the ownership of a consortium of local governments, VisionLand is thriving since being purchased for $5.25 million by Southland Development, LLC. The park has since drawn attendance of a half-million, and is working with developers to attract hotel space.
Read more from The Birmingham Business Journal.
Just how often does a company buy an amusement park and an outlet mall anyway? Sounds crazy for them to expect to sell it that way at first.
*** This post was edited by Raptor Pilot 3/29/2004 9:25:42 AM ***
Think the park will be sold to someone like CF or SFI in the future?
I would think that would be a lot less possible as the park continues its turnaround. It won't be nearly the value that it was when it was in trouble.
So far it looks like they're leaving the amusement park side of Visionland untouched. No new coasters, no new flat rides. They're spending more money on the shops and the water park which is probably a smart business move since people around the area are more into water parks than coasters but it really irritates me that Visionland has been in existence for so long and still only has one coaster. Its an awesome coaster but they need to add a few more awesome coasters to get me excited. It looks like the company that owns it is doing much better. Hopefully if this season is as successful as last season they'll pay some much needed attention to the amusement park side.
*** This post was edited by Kryten6000 3/29/2004 1:55:17 PM ***
Visionland needs to first establish itself as a profitable business before another dime is added to expansion of the amusement park side.
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