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New Tricks and Treats Festival to replace traditional Haunts at ValleyFair and California's Great America in 2022


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7 hours ago, Snowball said:

NOT a fan of this at all. I can’t even express how disappointed I’ll be if this happens at KI. I’ve been a scare actor there for 7 years and losing haunt would be terrible.

 

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On 2/25/2022 at 5:30 PM, Snowball said:

NOT a fan of this at all. I can’t even express how disappointed I’ll be if this happens at KI. I’ve been a scare actor there for 7 years and losing haunt would be terrible.

Not as terrible as incidents with fatalities...

 

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  • 4 months later...

Does anyone else think this change is a sign that Cedar Fair also put Valleyfair up for sale?

They said in the California's Great America sale announcement that the company conducted a strategic review of all assets in 2021 and then in Feb. 2022 they announced that the Halloween events were being scaled way back.

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The land sale, which was marketed by CBRE, was the outcome of a strategic review initiated by Cedar Fair in 2021 to explore potential avenues to maximize the value of the Company’s extensive asset portfolio.

https://ir.cedarfair.com/news/news-details/2022/Cedar-Fair-Capitalizes-on-Opportunity-to-Sell-Its-Land-at-Californias-Great-America-Amusement-Park/

 

It appears the waterpark expansion plans have fallen through and there isn't much of a growth opportunity at this park.

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icon_STOP???? - New Parking Lots / Access Road / Soak City Expansion - Long Term Planning - Dropped -
    (6/19/22) For a few years now we’ve been waiting to see if Valleyfair was ever planning to act on plans they had once drawn up that would have seen the waterpark greatly expanded, and Excalibur removed to make room. According to one reader those expansion plans were rejected by the local government, as it would have involved building on a “flood plain”, putting that proposal to rest for good.
    Since then I’m told that Valleyfair has been working to preserve the Excalibur coaster and even upgraded the control panel for the ride during the 2021-2022 off-season.

https://screamscape.com/html/valleyfair.htm

 

The best use for this land could still be as an amusement park, but it might be a better fit in the Premier Parks/EPR Properties or Palace Entertainment/Parques Reunidos portfolios.  Selling this park would allow Cedar Fair to pay down more debt and would put the company in a better position to acquire another property that they could grow or add resort accommodations to.

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3 minutes ago, DiamondbackFan said:

Does anyone else think this change is a sign that Cedar Fair also put Valleyfair up for sale?

They said in the California's Great America sale announcement that the company conducted a strategic review of all assets in 2021 and then in Feb. 2022 they announced that the Halloween events were being scaled way back.

https://ir.cedarfair.com/news/news-details/2022/Cedar-Fair-Capitalizes-on-Opportunity-to-Sell-Its-Land-at-Californias-Great-America-Amusement-Park/

 

It appears the waterpark expansion plans have fallen through and there isn't much of a growth opportunity at this park.

https://screamscape.com/html/valleyfair.htm

 

The best use for this land could still be as an amusement park, but it might be a better fit in the Premier Parks/EPR Properties or Palace Entertainment/Parques Reunidos portfolios.  Selling this park would allow Cedar Fair to pay down more debt and would put the company in a better position to acquire another property that they could grow or add resort accommodations to.

I was thinking about that too, but I don’t think for a while Cedar Fair won’t because as of right now Valleyfair is bringing in some good revenue, in the future if plans don’t work out I could see them selling it.

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