DiamondbackFan

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.

https://compasskc.kcmo.org/EnerGov_Prod/SelfService#/plan/a4fa62b1-f5df-4d37-8c58-42074bf42bd6?tab=reviews From the Reviews tab: Correction Type General Corrections Category General Comment Re-upload the complete Set of Sealed Plans with the following revisions. a) Combine all disciplines plan sets in to a single pdf file. RE: Sealed Wood Coaster Foundation Details, sealed Wood Coaster Foundation Plan, sealed Anchoring Details, Revision A Touchdown Points. Do not include the Grading plan sheets unless labeled for Reference Only or shall state on the Grading Plan Submitted under separate application CRBG-2022-30547. b) Provide per IBC Chapter 6 the "Construction Type: ____?" c) Provide Per IBC Chapter 3 the "Occupancy Group: ____?"

No, it isn't. If you read the SEC filing, Cedar Fair only sold the land and still has ownership of everything else on the property.

It will probably be gone in 2-6 years. https://d18rn0p25nwr6d.cloudfront.net/CIK-0000811532/78a5bf4c-e155-489d-b56b-5161d8809409.pdf "On June 27, 2022, and as a condition to the sale of the Park, the Company entered into a lease with Prologis pursuant to which Cedar Fair, L.P., through its subsidiaries will continue to operate the Park. The lease has a six-year term, and the Company has the option to extend the term for an additional five years. The lease is subject to a right in favor of Prologis to terminate the lease early by providing at least two years’ prior notice. The annual base rent under the lease is $12,247,500 and will increase by 2.5% each year" "(b) The Property does not include any property not listed in Section 1(a) and each of the following is explicitly excluded from the transactions contemplated by this Contract: (i) All inventory, furniture, machinery, equipment, tools, maintenance parts, computers, point-of-sale equipment, telephones, and all other tangible items of personal property; (ii) All contracts relating to Seller’s operation of the Park; (iii) Any and all governmental or quasi-governmental permits, licenses and approvals relating to the operation of the Park, including, but not limited to, environmental permits and occupational and liquor licenses; (iv) All of Seller’s, its affiliates’ or any third party’s trademarks and trademark rights, trade names and trade name rights, service marks and service mark rights, service names and service name rights, brand names, trade dress, business and product names, logos, maps, including Park maps, and slogans used or held for use in connection with the Park; (v) Rides, water slides, rollercoasters, improvements, inherently permanent structures, buildings, and underground storage tanks located on or about the Land; or (vi) Fixtures and all plumbing, gas, electrical, ventilating, lighting and other utilities and utility systems, ducts, hot water heaters, air conditioning systems and all other building systems, in each case attached to or comprising a part of any building located on or about the Land."

There is more detail in the SEC filing. https://d18rn0p25nwr6d.cloudfront.net/CIK-0000811532/78a5bf4c-e155-489d-b56b-5161d8809409.pdf

I hope they find a new home for that double decker carousel.

2023 doesn't seem unreasonable based on the gap between the last few coasters. Banshee: 2014 Mystic Timbers: 2017 Orion: 2020 ??: 2023

High or SkyHigh?

Based on the rides Carowinds is getting for 2023, a Zamperla Nebulaz would be cheap and fit on the existing Slingshot pad. I wouldn't mind seeing a Zamperla Air Race in this location, but it will require a larger concrete pad to be constructed.

Note: Centerbridge owns Great Wolf Resorts as part of a joint venture with Blackstone. https://seekingalpha.com/news/3799086-centerbridge-said-to-build-stake-in-takeover-target-cedar-fair https://www.bloomberg.com/news/articles/2022-02-11/centerbridge-is-said-to-build-stake-in-buyout-target-cedar-fair

Interesting... https://www.streetinsider.com/Analyst+Comments/Speculation+Six+Flags+(SIX)+Could+Join+the+Fun+as+Cedar+Fair+(FUN)+Targeted+in+Takeover/19559636.html

You are correct. A stock offer isn't always bad, but the Six Flags offer was mostly in stock at a time when the Six Flags stock price was crashing. Analysts think this deal will end up in the $70-80 per share range. https://www.cnbc.com/2022/02/02/seaworlds-bid-for-cedar-fair-makes-sense-but-it-may-have-to-pay-more.html

A quick search revealed this tweet from a Corporate Account Executive at Canada's Wonderland. https://mobile.twitter.com/michzimzim/status/1468233505125683209

https://www.kcci.com/article/iowa-altoona-adventureland-purchased-by-palace-entertainment/38583433#

The 32 seat version of the Zamperla Zetta Swing looks interesting. https://www.zamperla.com/products/zetta-swing/

If you click the seventh button in from the left (clock with green arrow going counterclockwise), you should get the latest imagery with Orion completed and Vortex gone.

You can see the six photos on reddit.com/r/rollercoasters. The horse has left the barn. A large section of the helix was removed down to the footers.

The known timeline: Oct 18th: Selim Bassoul appointed to the Board of 1847 Goedeker Inc. Oct 27th: Six Flags Q3 Earnings Nov 4th: Selim Bassoul resigns from the Board of 1847 Goedeker Inc., "due to unexpected commitments on his time that could not have been previously anticipated." https://m.marketscreener.com/quote/stock/1847-GOEDEKER-INC-109987931/news/1847-GOEDEKER-INC-Change-in-Directors-or-Principal-Officers-form-8-K-36921295/ Nov 13th: Six Flags and Michael Spanos entered into an agreement and general release (the "Spanos Agreement") Nov 14th: Selim Bassoul appointed President and CEO of Six Flags https://otp.tools.investis.com/clients/us/sixflags3/SEC/sec-show.aspx?Type=html&FilingId=15352671&CIK=0000701374&Index=10000 Nov 16th & 17th: Activist investor H Partners Management buys another 400000 shares of Six Flags stock and now own 9.7% of the company. https://otp.tools.investis.com/clients/us/sixflags3/SEC/sec-show.aspx?Type=html&FilingId=15365946&CIK=0000701374&Index=10000

The press release and SEC filing make it sound like Spanos was fired and pushed out by the Board of Directors over the weekend. The new CEO, Selim Bassoul, was the Chairman of the Board and should have a solid understanding of the company.

According to the owner's son and multiple employees, the loop base pieces needed to be moved about four inches on the footers.

Six Flags attempted to sell Magic Mountain in 2006. The company and the park are in a better place now. https://la.curbed.com/2006/8/21/10602894/magic-mountain

What if Cedar Point removed Power Tower (S&S Space Shot) to make room for a new Top Thrill Dragster queue/station extension and relocated the ride to Kings Island with the new spin shot seats on two of the towers? Drop Tower could be removed as part of the eventual Action Zone redo. I will admit this idea is a bit out there.

https://twitter.com/GracePeacock/status/1441217031752323072?s=20

RMC's 208 RetraK might make sense in the future. https://www.rockymtnconstruction.com/wood-coaster-refurbishment/ "208 RetraK is our latest innovation in track replacement and is based on our proven Ibox and Topper track designs. 208 RetraK will last for years and eliminate the need for continuous inspection, repair, and replacement of traditional wooden track. Additionally, 208 RetraK is able to utilize a rides existing trains, mechanical system, and controls to deliver a smoother ride, reduced downtime, and improved wheel longevity at a reasonable price. Custom 208 RetraK is precision manufactured utilizing RMC’s laser measurement system, CNC plasma cut, and patented semi-automated welding technology. 208 RetraK is manufactured with premium grade weathered steel to match the existing coaster profile and installs effortlessly to existing structure. 208 RetraK can be utilized as a small track upgrade in a troubled area of a coaster, or even as a full coaster renovation. Simple track upgrades of 150’ or more can be installed throughout a ride and added onto year after year. A complete circuit replacement at one time is also possible. 208 RetraK can be installed turnkey by RMC’s factory team or by the park with RMC providing technical support."

For comparison - Q2 income: SeaWorld: $82 million Six Flags: $70 million Cedar Fair: -$59 million