News Archive - January 2010

CoasterBuzz turns ten!

Posted | Contributed by Jeff

Take a look back at the first decade of roller coasters, amusement parks and news from the "portal to the thrill."

Schlitterbahn announces new mixed-use resort and water park in Cedar Park, Texas

Posted | Contributed by Jeff

Phase one of the project will open in 2012 near Austin.

King Kong returning to Universal Studios Hollywood as giant 3-D image

Posted | Contributed by Jeff

Peter Jackson's version of the great ape is making a comeback after being destroyed by a fire in 2008.

Prosecution rests in Etheredge trial

Posted | Contributed by Jeff

Charged with securities fraud in the financing of Wild West World, Thomas Etheredge's defense will lay out their case next week.

Q Investments a mystery in Cedar Fair deal

Posted | Contributed by slithernoggin

The New York Times' Steven Davidoff examines unusual circumstances of the Cedar Fair sale to Apollo, and the third party that now owns 12%.

Cedar Fair continues pursuing Apollo deal after go-shop period ends

Posted | Contributed by Jeff

An SEC filing said that the company reached out to 32 other potentially interested parties.

Mother of late monorail pilot sues Disney

Posted | Contributed by Jeff

Suit claims negligence in the accident that killed her son.

Kennywood, contractor settle storm death suit for $2 million

Posted | Contributed by Josh M

Settlement comes after 2007 liability trial, with this new amount settling before the punitive trial could begin.

Q Investments reaches 12% ownership of Cedar Fair

Posted | Contributed by Jeff

Holding company becomes the largest unitholder, plans to vote against the Apollo acquisition.

Debt load forced Cedar Fair's hand for sale

Posted | Contributed by Jeff

Execs blame poor credit markets and recession.

Celebration City remains idle without a plan

Posted | Contributed by Jeff

Herschend says they're still exploring their options for the defunct park.

Wild West World investors testify against Etheredge

Posted | Contributed by Jeff

Investors in the failed park say they thought Etheredge was a swell guy.

Cedar Fair responds to Q Funding by saying... nothing new

Posted | Contributed by Jeff

Company repeats that it thinks the price for the Apollo deal is solid.

Cedar Fair unitholder lawsuits consolidated

Posted | Contributed by Jeff

Eleven suits become one, lawyers want access to board meeting notes and call independent exploration of the sale into question.

Major Cedar Fair unit holder will vote no on Apollo sale

Posted | Contributed by Jeff

Q Funding III, L.P., which owns 9.8% of shares, will vote against the pending deal.

Demon Drop gets nod for Dorney Park

Posted | Contributed by Jeff

Local planning authority gives park OK to construct the former Cedar Point ride.

Merlin rises to second largest amusement operator, may offer IPO

Posted | Contributed by Jeff

Company getting a lot of US attention as it plans the second Legoland park in North America.

Cedar Fair and Apollo seek dismissal of lawsuits

Posted | Contributed by Jeff

Lawyers for the company say that the suits are premature.

Merlin officially unveils plans for Legoland Florida

Posted | Contributed by Chitown

Cypress Gardens will get a total makeover, opening by the end of 2011.

Prosecution begins its case against Etheredge case over Wild West World

Posted | Contributed by Jeff

Defense will not begin making its case until the prosecution has rest.

Dollywood is building huge ropes course for 2010

Posted | Contributed by Jeff

Three adventure courses will offer a variety of difficulty.

New Sesame Street area coming together at Busch Gardens Tampa

Posted | Contributed by Jeff

Air Grover will be the park's new family roller coaster.

E-mail link says Cypress Gardens will be Legoland Florida

Posted | Contributed by Jeff

Public record pushes e-mail about announcement into the open.

Zamperla named operator of New York's Coney Island

Posted | Contributed by Jeff

Italian ride manufacturer chosen to run the amusement park.

Kalahari scores tax-exempt $25 million bond issue in Virginia

Posted | Contributed by Jeff

Plans call for the new resort to be built near Fredericksburg, Virginia.

Viability of Universal park in Korea called into question

Posted | Contributed by Jeff

Critics cite significant competition for the new project.

Attorney for accused Wild West World fraud case asks judge to limit info on prior conviction

Posted | Contributed by Jeff

Lawyer argues that Thomas Etheredge has already paid that debt in prison time.

Universal moves ahead on plans for Korean park

Posted | Contributed by Jeff

Schedule targets opening in 2012.

CoasterBuzz Podcast #168 posted

Posted | Contributed by Jeff

Finance, Cedar Fair unit price, two-thirds, Disney's birthday promo, Freestyle suits, Mini's, Harry Potter at Islands of Adventure, Great Wolf in Pittsburgh, Merlin buys Cypress Gardens, Haiti donations, track records.

Kinzel says he wants to get back to running parks, not worrying about finances

Posted | Contributed by Jeff

Cedar Fair CEO says he's an operations person, not a finance person.

Merlin Entertainment group buys Cypress Gardens

Posted | Contributed by Chitown

Sale closed January 7 for an undisclosed price.

BMW sues Freestyle Music Park for Mini trademark infringement

Posted | Contributed by Jeff

Car maker says the Mini trademarks are being used in conjunction with the Round About coaster.

Columnist questions rules around Cedar Fair Apollo deal

Posted | Contributed by Jeff

Continued involvement of management along with pay out raises red flags.

Great Wolf resort planned for Pittsburgh Mills

Posted | Contributed by eightdotthree

Hotel and indoor water park may boost existing retail development.

Cedar Fair execs would get stake in acquired company

Posted | Contributed by Jeff

If the Apollo acquisition is approved by unit holders, top executives will have to reinvest in the company.

Investors not happy about proposed Cedar Fair sale

Posted | Contributed by Jeff

Unit holders and analysts question if selling the company, at a significant loss to most unit holders, is the right thing to do.

Orlando tourism hoping for boost with IOA's Harry Potter attractions

Posted | Contributed by Jeff

New area of the park may have a spill-over effect on attendance at other area parks.

Six Flags could emerge from bankruptcy in March

Posted | Contributed by Jeff

Plan calls for $830 million financing deal.

Freestyle asks for more time to pay former Hard Rock Park debt

Posted | Contributed by Jeff

Company says an infusion of cash from investors is possible.

Cedar Fair units up on speculation of better offer

Posted | Contributed by Jeff

Units close above Apollo's current offer of $11.50.

Cedar Fair filing will detail executive payouts if they're let go by new owner

Posted | Contributed by Jeff

Last year's statement showed Kinzel would be paid about $20 million in the event of his dismissal.

Former Hard Rock Park owners sue Freestyle over missed payments

Posted | Contributed by Jeff

HRP Myrtle Beach is asking for $570,000.

About 4 million sign up for free Disney World tickets, about third use them

Posted | Contributed by Jeff

Promotion credited with raising awareness about the parks.

Valleyfair designer Bob Williams dies at age 77

Posted | Contributed by Jeff

Known in marketing circles around the Twin Cities, Williams was responsible for much of the design of the park.

CoasterBuzz Podcast #167 posted

Posted | Contributed by Jeff

Cedar Fair lawsuits, the Apollo offer, turnaround potential, Kinzel's failure, future anxiety, Ed Markey still irrelevant, skipping school for Disney World, Marvel vs. Disney, Charmland again.

Marvel stockholders approve acquisition by Disney

Posted | Contributed by Chitown

Deal has some conditions to meet, but the biggest hurdle is behind them.

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