Splashtown May Be Sold Or Closed
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Joined: May 2005
Posts: 2,795
From: Houston, TX
Splashtown May Be Sold Or Closed
http://www.click2houston.com/news/9415911/detail.html
NEW YORK -- Splashtown is among six properties Six Flags could sell or close across North America.
Six Flags Astroworld was closed in 2005.
The Oklahoma City-based company said it may fail to meet certain bank credit agreements, and that reaching its previous financial forecast will be extremely difficult.
The company cited lower park attendance and rising costs, but says those who are coming to the parks are spending more.
President Mark Shapiro said the attendance drop was expected because the company is no longer deeply discounting season passes. It has been targeting families as consumers, rather than teenagers.
The company is examining several parks for possible changes including Six Flags Darien Lake outside Buffalo, N.Y., Six Flags Waterworld in Concord, Calif., Six Flags Elitch Gardens in Denver, Wild Waves and Enchanted Village outside Seattle, and Six Flags Magic Mountain and Hurricane Harbor near Los Angeles.
The company said it cannot predict for certain whether any transactions will occur. It could sell the properties outright or dismantle the parks and sell the land for its real estate value.
Six Flags also owns and operates Six Flags Over Texas and Six Flags Hurricane Harbor in Arlington and Six Flags Fiesta Texas in San Antonio.
NEW YORK -- Splashtown is among six properties Six Flags could sell or close across North America.
Six Flags Astroworld was closed in 2005.
The Oklahoma City-based company said it may fail to meet certain bank credit agreements, and that reaching its previous financial forecast will be extremely difficult.
The company cited lower park attendance and rising costs, but says those who are coming to the parks are spending more.
President Mark Shapiro said the attendance drop was expected because the company is no longer deeply discounting season passes. It has been targeting families as consumers, rather than teenagers.
The company is examining several parks for possible changes including Six Flags Darien Lake outside Buffalo, N.Y., Six Flags Waterworld in Concord, Calif., Six Flags Elitch Gardens in Denver, Wild Waves and Enchanted Village outside Seattle, and Six Flags Magic Mountain and Hurricane Harbor near Los Angeles.
The company said it cannot predict for certain whether any transactions will occur. It could sell the properties outright or dismantle the parks and sell the land for its real estate value.
Six Flags also owns and operates Six Flags Over Texas and Six Flags Hurricane Harbor in Arlington and Six Flags Fiesta Texas in San Antonio.
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SL Member
Joined: Jul 2005
Posts: 7,521
From: Dallas/Fort Worth
last time i was there the walkways at the houston one was terrible.
it was smaller than the one here in arlington yet it took a lot longer to navigate it.
and there is like no way they would close the ones here, they do a lot of business and they just added more to them
it was smaller than the one here in arlington yet it took a lot longer to navigate it.
and there is like no way they would close the ones here, they do a lot of business and they just added more to them
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