Originally Posted By jazma ^^ Cedar Fair has already said they would be passing on the Six Flags parks after acquiring Paramount Parks.
Originally Posted By trekkeruss <<In my dreams of dreams I wish that NBC Universal would buy the park and turn it into Island of Adventure California.>> And then they could add in stuff like maybe a fish processing factory tour! Or a film with Whoopi Goldberg as Catina, Queen of Catalina Island! YEAH, I LIKE IT!
Originally Posted By a1stav ^^^^^ Islands of Adventure has none of those type of attractions. Now if Universal did buy it and turn it into an IOA type park we might get attractions like. Amazing Adventures of Spiderman, or Cat in the Hat!
Originally Posted By Autopia Deb They'd have to revamp all the DC character rides for Marvel. A perfect opportunity to retheme and clean up. (pipe dream of course)
Originally Posted By trekkeruss <<Islands of Adventure has none of those type of attractions> Um, I know that... it was a joke. Island of Adventure California, ergo California Adventure... get it?
Originally Posted By fkurucz Word has it that SF is asking $170M for puny little Elitch Garden's in Denver: <a href="http://www.denverpost.com/business/ci_4144186" target="_blank">http://www.denverpost.com/busi ness/ci_4144186</a> If they can get $170M for Elitch's, then a much larger sum for MM seems quite reasonable.
Originally Posted By seanyoda This morning's Washington Post has the following article -- <a href="http://www.washingtonpost.com/wp-dyn/content/article/2006/08/20/AR2006082000572.html" target="_blank">http://www.washingtonpost.com/ wp-dyn/content/article/2006/08/20/AR2006082000572.html</a> Six Flags Puts 6 Parks on the Block << The letters have been sent, the parties are informed. It's official: Six Flags Inc. is courting buyers for six amusement parks it's thinking about selling. ... The parks up for grabs include Magic Mountain near Los Angeles, Wild Waves & Enchanted Village near Seattle, Elitch Gardens in Denver, SplashTown near Houston, Darien Lake near Buffalo and Waterworld in Concord, CA ... The hope is to sell all six parks as part of a package, but Six Flags spokeswoman Wendy Goldberg cautioned that the company has not officially decided if it will sell. >>
Originally Posted By wahooskipper I'm not sure I would want to get into the competitive SoCal market but Darien Lake is a nice property with room for growth. I'm not sure how that makes their "for-sale" list.
Originally Posted By mrquisp I live in Southern California (Valencia, to be exact (home of SFMM)), and all the news reports have been saying is that SFMM will be saved since Six Flags is packaging the six parks as an all or nothing type of deal - thus discouraging developers. I know that the City of Santa Clarita (the city that actually borders SFMM (SFMM is in the County of Los Angeles, not in the City of Santa Clarita)) has been lobbying Six Flags to keep the park by telling them of all the tax advantages to them if that portion of the County is annexed to the City.
Originally Posted By fkurucz >>and all the news reports have been saying is that SFMM will be saved since Six Flags is packaging the six parks as an all or nothing type of deal<< Why would they do that? If the objective is to raise cash to pay off debt, why make it hard to sell the properties?
Originally Posted By jazma Has anyone considered the possibility that a land developer with cash could buy all parks as a package, and then redevelop them, or even turn around and sell some to another operator to remain as a park and redevelop the rest? To me, this news does not mean they will remain as going concerns.
Originally Posted By fkurucz >>Why would they do that? << Hmm (to answer my own question) ... maybe they know that some of the properties (like MM) are high;y desireable and that others might be less so. So if you want MM, you also have to buy ELitch's.
Originally Posted By mrquisp Exactly, I think that is what Six Flags purpose is in packaging six parks as a take or leave it proposition. If the actual park (SFMM) or the land it sits on (SFMM) is so valuable, the potential buyer would not care about the others and will eventually sell them off knowing the cash cow that they may have (SFMM).
Originally Posted By wahooskipper I don't know a lot about it but I wonder if existing licensing agreements (DC Comics, soda companies, etc) impact the way they choose to try to sell the parks.
