*** Edited 8/24/2004 12:40:15 PM UTC by Top Thrill ATC***
Kinzel won't let GL become an albatross around his neck. It's a major decision to spend that kind of money, and right now it looks like a horrible one. That reflects directly on his leadership. He will "take care" of GL, if for nothing else to save face. I don't know if he will be adding rides, replacing rides, removing rides, or sprucing the place up in impressive fashion, but I bet they will spend a disproportionate amount of capital money there in 2005.
Unfortunately, that money could be spent more effectively at any other Cedar Fair park, with a much higher probability of return on the investment. That's where I take issue with the whole GL acquisition. It had "loser" and "money pit" stamped all over it right from the get-go.
Hey, I heard a rumor that Top Thrill Dragster is sinking...
Hmm, thinking back, perhaps I did misinterpret your posting...I was immediately thinking a new coaster. New flat rides would be an awesome addition.
As far as Kinzel letting GL become an "albatross around his neck" (great wording, btw) I still think they bought GL as a way of eliminating the competition. Why? They now own their major competition. So, if people decide they don't want to drive the extra 40 minutes to the Point from Cleveland/Youngstown, etc., they can still go to a CF park and the company will prosper.
I'd like to see something done to GL, because it's just not a place I enjoy when I go there. I was overjoyed when I heard of the acquisition last March, yet furious that they installed seatbelts on the Big Dipper. Kind of a love/hate relationship!
Take care.
I figure they bought the park to (1) immediately eliminate competition, (2) (eventually) move better GL assets to other Cedar Fair parks, and (3) (eventually) sell the land, probably receiving more than the cost of the entire acquisition. Any operating profit in the meantime would be gravy. Unfortunately, it's never politically correct to say you're buying something to shut it down, even if that's your intent.
They could sell the Sea World land right now if they wanted. However, with Cedar Fair saying GL will be a "single day" park, who's going to spend tens of millions to build overnight resorts? If it is (or they can get it) zoned residential, who will aggressively build knowing there's noise and congestion until midnight on every day during the summer? Someone would take a chance, but wouldn't pay "mega-bucks". Now, if those developers knew that ALL the land around the lake would be available, you're talking "mega-bucks" . . . The time to sell the land will come, but I'm guessing it won't be now.
Anyway, I know my hypothesis is a "long shot", and even if I'm right these things don't happen overnight. If I'm right though, you'll be seeing signs of the "end" (transferring/removing assets, discussions with developers, zoning changes, etc.) in as little as 5 years. You'll also see Cedar Fair continue only token measures to get GL profitable. You'll see continued "alienation" on season pass policies/pricing, gate pricing, voucher/discount/advertising efforts, etc. Let's sit back and watch what happens.
Hey, I heard a rumor that Top Thrill Dragster is sinking...
What planet do you live on? A standard Top Spin is $3 million, and I can assure you a giant one is at the very least $5 million, probably more.
For the cost of WT, you could build at least 3 Huss Giants.
Jeff - Advocate of Great Great Tunnels™ - Co-Publisher - PointBuzz - CoasterBuzz - Blog - Music
A giant top spin? Don't know that cost. $5 million sounds about right. *** Edited 8/24/2004 3:35:51 PM UTC by Top Thrill ATC***
We all think you're talking out of your ass, if it wasn't obvious from Walt's post. Those who know don't talk, those who talk don't know.
Jeff - Advocate of Great Great Tunnels™ - Co-Publisher - PointBuzz - CoasterBuzz - Blog - Music
You're right: its price is not in the press release, nor is it in the large folder of information distributed on media day. Were those of us there misled on the price? Perhaps. Can I prove what was said? Of course not. Huss rides aren't cheap and it makes no sense that a giant frisbee would be cheaper than a standard top spin, does it? Just passing along what I was told.
And for clarification, who's Walt again?
I'm staying out of the other debate ...
Goodbye MrScott
John
Hey, I heard a rumor that Top Thrill Dragster is sinking...
Jeff - Advocate of Great Great Tunnels™ - Co-Publisher - PointBuzz - CoasterBuzz - Blog - Music
CP is the Place to Be!
The CPlaya 100[/Url="http://club.coasterbuzz.com/forums/thread.asp?ForumID=13&TopicID=21968"][url][url]--6 days, 9 parks, 47 coasters, 2037 miles and a winner.....LoCoSuMo.
Closed topic.