Post by Stu on Nov 7, 2004 14:34:31 GMT
The American press are giving Cedar Fair a hard time over their recently acquired Geauga Lake park, as it was their only amusement park that didn’t make a profit during July – September.
The amusement park lost $1.8 million during these three months, Cedar Fair put it down to a number of factors
- Taking over the park in April, meant they had a late start on promoting the park
- The weather was worse than normally is in the summer
- underestimated how much attendance would fall as a result of its decision to close the adjoining Sea World animal park
However Cedar Fair say they are announcing plans to bring back the crowds to the park on Wednesday,
The company’s chairman Dick Kinzel said they have $34 million (out of a total $80m) to spend on new attractions for 2005, to be split among Cedar Point, Geauga Lake and Worlds of Fun.
So it will be interesting to see what they come up with
On a whole I think Cedar Fair are very competent theme park operators, and getting all of their other amusement and water parks to make a profit shows they know what they’re doing
Personally I’ll be very interested to see how they approach changing the park and integrating the former SeaWorld parts into the amusement park
full story can be found here
The amusement park lost $1.8 million during these three months, Cedar Fair put it down to a number of factors
- Taking over the park in April, meant they had a late start on promoting the park
- The weather was worse than normally is in the summer
- underestimated how much attendance would fall as a result of its decision to close the adjoining Sea World animal park
However Cedar Fair say they are announcing plans to bring back the crowds to the park on Wednesday,
The company’s chairman Dick Kinzel said they have $34 million (out of a total $80m) to spend on new attractions for 2005, to be split among Cedar Point, Geauga Lake and Worlds of Fun.
So it will be interesting to see what they come up with
On a whole I think Cedar Fair are very competent theme park operators, and getting all of their other amusement and water parks to make a profit shows they know what they’re doing
Personally I’ll be very interested to see how they approach changing the park and integrating the former SeaWorld parts into the amusement park
full story can be found here