What will SF do with the $257 million punitive dam

Yes, ClarkChavez. Thank you for wonderfully proving my point, Thunderrun!

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- "I used to be in the audio/visual club, but I was kicked out because of my views on Vietnam........and I was stealing projectors" - Homer Simpson
*** This post was edited by Peabody 4/25/2003 6:11:42 PM ***

Whenever I am in a bad mood, I think I'll just do a search on "ThunderFun." I always laugh when reading threads in which you have participated.

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SRM 2003-Look for the guy with my name on his chest

Well, It is nice to know that I enterain yall. But I will now take my leave and never return.
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Support the Coaster Preservation Club at www.coasterpreservation.tk

I hope it's not like when you announced your "club" was closed.

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- "I used to be in the audio/visual club, but I was kicked out because of my views on Vietnam........and I was stealing projectors" - Homer Simpson

well he just said it

Start the countdown to his return under another name...I'm putting the over/under at 6 hours.
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SRM 2003-Look for the guy with my name on his chest

It's almost as if he thinks we care if he leaves.....

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Ah what the hell.....Magnum What?

S:ROS blew me away

Yay another topic ruined! :::Rolls eyes:::

So to try to bring this back from the crap it has become, I wonder if SFoT or SFoG will be getting high price rides in the future?

I know there was some sort of "five year rolling period" for capital investment, but completely forgot what that was all about.

Robert U. are ya around? :)

EDIT: I read this but can someone care to explain? "and (v) we are required to make
minimum capital expenditures at the Georgia park during rolling five-year
periods, based generally on 6% of the park's revenues. "

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"No honey, the monkeys have already done enough damage on this trip." - Guy coming out of front gate at SFGAd
*** This post was edited by Legendary 4/25/2003 9:28:34 PM ***
*** This post was edited by Legendary 4/25/2003 9:33:14 PM ***

My head is spinning!

All I know is SFOG better get an Intamin hypercoaster next year or I'm never going back. ;)

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Evanescence-My Immortal. Coming to a rock opera near you...

so does this mean that technically... SFOG isn't a Six Flags park?

I am lost on the topic too. I didn't even here about the SFOG thing, I guess I should buzz more...
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I am one.
I am Turbo.

Well there are different extremes take for instance Camp Snoopy at the MOA, it is owned by MOA but managed by CF. You cannot use your CF season pass at Camp Snoopy, but at SFOT and SFOG you can use a SF season pass.

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Summer 03-CP, HP, Canobie, SFNE, SFWOA, and SFGAm.

Turbo said:
I am lost on the topic too. I didn't even here about the SFOG thing, I guess I should buzz more...
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I am one.
I am Turbo.

Here is a link to the article for those of you that don't know about what happened:

http://biz.yahoo.com/djus/030421/1056000809_1.html

I think it means that the park's owners/investors (whatever you want to call them) may have to kick back a portion of their cash money, but I'm willing to bet that it's not as much as many of us would like to see. SFOG still relies on SF Inc. and its own revenues for operating $$$.

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Is that a Q-bot in your pocket or are you just happy to see me?

I Thank that Six Flags could built NEW Animal Exhibts at Worlds OF Adventure!!!!!!!!!!!

In reality, the punitive award goes back to the LLP partners who had to endure the early 90's when T-W didn't do anything at the park. I heard many times during those years there was a feeling that T-W was going to let the park get so run-down that the LLP would sell out to T-W at the end of the management agreement in the late 90's. But, that's not what happened. Here's the story in a condensed form:

Instead, the SFOG LLP owners came up with a new contract to the best of their ability prior to SFOT reaching one. Then SFOT LLP (a separate entity) went with Premier Parks to manage that park, but T-W swayed them to stay with Six Flags Theme Parks by promising a whole lot of things. The SFOG investers went, "whoa!" and they got a revised agreement, which came along with the first lawsuit filing in 1997.

The terms of the new SFOG management agreement are basically that over any 5 year period the park management company must re-invest 6% of the revenues into capital improvements. The 5-year period "floats," so that you could have a year where nothing big is done to permit larger investments in the other year(s). Also, the White Water property is owned by the LLP, so my guess is that any capital expeditures there would be included in the figures (as well as the revenues), but I don't know that for sure and the Annual Reports have never spelled those terms in detail. When Premier Parks bought Six Flags, they had to agree to the management contracts at both the Georgia and Texas properties.

The only other non-owned parks that I can think of are Marine World and LaRonde, and both have pretty significant requirements for the management contracts. While WBMW in Spain is also managed, I don't know what their stipulations are (I think the 2002 Annual Report might spell it out).

I've followed the lawsuit since the beginning, and posted clippings at www.playride.com/tug2sfog/lawsuit.html