If they cut back on anything, anything whatsoever... its out of greed. plain and simple.
Raise the parking next year, make up for this year. problem solved. Ppl are going to pay the 10, 11, 12, 15$ or whatever parking would be.
And competition? Come on now. People goto 6 flags or Kings Island because its close to home. Not because they think its better than CP.
So what, dividends this year will be a penny or so less. Big deal. They'll just make it up next year. Really what taxes are uncommon. They're paying property, school, sales, bed, admission, and parking (if there are more, add em...i dont know) those arent unheard of taxes, theyre quite common.
All of those taxes just get passed on to the guests in some for or another, we're talking cents here... it's not keeping anyone from coming to the park.
And if they keep adding coasters, hell they could charge a 10$ tax per admission and they'd still draw in 3-4 million people.
This conversation has really strayed from your original question... I like it tho.
Recap. Sandusky is short on money partly because CP uses alot of its resources, they levy an almost meaningless tax that seems to be a national trend as of late and CP shareholders take a small blow. But CP is back with a vengance the next year, raising parking prices and not only covering what they lost but (wuhoh) making back double that amt! (theyre pretty slick) And thanks to the City of Sandusky, CP now has a scapegoat to use in its explanation of skyrocketing parking rates. But really, the guests dont give 2 craps theyre on the causeway honking and screaming "just let us in, we wanna ride TTD"
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:james
magnum crew 2002
johnny rockets 2003
Theyre hardly being taxed so much that theyre losing money. Theyre making millions and millions of dollars.
Will it be the last tax? Probably not. Will CP throw its hands and arms up in the air when the next one comes around, yep... not because theyre admitting it'll destroy the company, simply because they owe it to their shareholders to do so.
And like I said, no tax will ever push them over the edge. Theyre the best at what they do... people will always come and they'll always pass the tax onto the guest.
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:james
magnum crew 2002
johnny rockets 2003
Lets assume for the minute that the parking tax is not really the issue...and lets also assume that Sandusky is strapped for cash because of the business CP brings to the area (which I am not so convinced of, I think they make a lot more in profit then what they loose). Let us also assume that the city wants to find the "best" way to get the money back into the city so they can use if for roads and so forth...
What would be the best option out of those listed below:
- 8% Parking tax (CP only) - $.60 per car ($600,000 a year)
- .5% Hotel Room Tax (City wide) - $3-5 per room per night
- .5% Temp Sales Tax (City wide)
- .5% Gas tax
The second would tax only those from out of the area who would need to stay in a hotel overnight, therefore those who are adding the extra burden onto Sandusky.
There are other options open to Sandusky that would distribute the taxes across the entire area and not constantly demanding money from CP to pay for their budget problems.
Yes CP is making millions of dollars, they are by no means losing money. However do you at least recognize the possibility that IF Six Flags turned around its operations and pooled money from across the country they could place serious competitive pressure on CP? Say if Six Flags added 5 REAL roller coasters next year?
Also keep in mind that CP maintains its own road network, has its own Fire / Police departments, which is all money that the city saves by not having to provide those. CP makes a HUGE contribution to the city, such as some of the following:
- local income taxes for thousands of season employees
- thousands of seasonal employees spending money all over Sandusky
- providing employment to hundreds maybe thousands of local teenagers and others
- millions of guests spending tons of money at CP and around Sandusky
- providing training and job experience for thousands of seasonal employees
I could name a dozen or so more but I think you get the general idea. Sandusky is the place it is today because CP is there, simple as that. Most cities (Toledo - ie Jeep) give huge tax savings to major corporations who STAY in the city.
John
_________________
Traffic Team Leader 2000
Traffic / Tolls Supervisor 2001
Traffic / Tolls Supervisor 2003
The second would tax only those from out of the area who would need to stay in a hotel overnight, therefore those who are adding the extra burden onto Sandusky.
Doesn't Sandusky already levy a bed tax on Cedar Point? I am sure Chief Wahoo mentioned such a thing in a similar thread in the General forum.
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~Lee~
Group Sales ATL '01
Group Sales TL '02
Park Admissions Zone 5 Supervisor '03
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"The greatest leaders don't take credit for their actions; they don't have to."
Lee said:
Doesn't Sandusky already levy a bed tax on Cedar Point? I am sure Chief Wahoo mentioned such a thing in a similar thread in the General forum..
I am sure that they probably do, however they could always increase it by 1/2 of a percent without much effect and it would give them a great deal more then parking ever could. The larger the number of people you tax the less you have to tax each to get the same amount. I am not sure if the "bed" tax is city-wide or just for CP, but I would suggest it going city wide and upping it 1/2 %. Just a thought.
John
_________________
Traffic Team Leader 2000
Traffic / Tolls Supervisor 2001
Traffic / Tolls Supervisor 2003
magnumjames said:
Recap. Sandusky is short on money partly because CP uses alot of its resources, they levy an almost meaningless tax that seems to be a national trend as of late and CP shareholders take a small blow.
Sandusky is short on money because they spent money during the period of economic strength without planning for a period of economic slowdown. I'm tired of seeing government mismanaging the budget, only to call on taxpayers to save their asses when things turn bad.
CP really doesn't use much of Sandusky's resources at all. CP maintaines the causeway and the penninsula is pretty much self sufficient when it comes to city services. Much of the traffic comes down Rt. 250, most of which is in Perkins Township. Much of the economic development on rt. 250 is a direct result of the tourist population. CP pays lots of taxes, that money is more than enough to maintain whatever infrastructure is needed to support the tourist population. Even before the tax, CP gave to the community much more than it took. This tax is just an example of bad government at work.
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Florida may have Disneyworld and Key West,
but Ohio has Cedar Point and Put-In-Bay.
It's great to live in Ohio!
Pete said:
magnumjames said:
Recap. Sandusky is short on money partly because CP uses alot of its resources, they levy an almost meaningless tax that seems to be a national trend as of late and CP shareholders take a small blow.Sandusky is short on money because they spent money during the period of economic strength without planning for a period of economic slowdown. I'm tired of seeing government mismanaging the budget, only to call on taxpayers to save their asses when things turn bad.
CP really doesn't use much of Sandusky's resources at all. CP maintaines the causeway and the penninsula is pretty much self sufficient when it comes to city services. Much of the traffic comes down Rt. 250, most of which is in Perkins Township. Much of the economic development on rt. 250 is a direct result of the tourist population. CP pays lots of taxes, that money is more than enough to maintain whatever infrastructure is needed to support the tourist population. Even before the tax, CP gave to the community much more than it took. This tax is just an example of bad government at work.
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Florida may have Disneyworld and Key West,
but Ohio has Cedar Point and Put-In-Bay.
It's great to live in Ohio!
The issue of whether a parking tax or taxes in general are fair has been obfuscated. Taxes are bad; period. However Sandusky needs money to operate. The worst time to raise taxes is during an economic slowdown.
The issue is one of growth of revenue. As your revenue grows your tax influx increases as well. Perhaps it would do Sandusky well to attract other industries to the area rather than being addicted to CP cash like a drug addict on crack.
Art Laffer put it simply; cut taxes, raise revenue!
I absolutely love the very Republican thinking, "cut taxes, raise revenue." Regan proved that to be very true and Bush has been trying to revive that ever since he came into office. But that kindof only works on the federal and state level. Sandusky and CP arent going to lure any extra ppl because it's $4 cheaper. Theyre just gonna end up losing that $4. And of course, they arent going to discourage any ppl because its costing them $4 more.
Republican ideologies are perfect for the overall picture; but on such a small scale like this, as much as it contradicts my beliefs, I think you have no other option than to go the Democratic route and take from the rich to help the poor.
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:james
magnum crew 2002
johnny rockets 2003
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