Everything posted by Browntggrr
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Ohio Attorney General Sues The Beach Waterpark for Failure to Deliver
Just numbers from the outside looking in: 8800 season passes sold for 2012 = $792,000 The debts have to be much more than this or the doors would have stayed open. They owners may just let the park go w/o filing bankruptcy. I only say this because, typically, in Chaper 7 a trustee sells all of its assets, and then distributes the proceeds to its creditors (including season ticket holders). Any residual amount is returned to the owners of the company. It must have been REALLY bad though; at least Chapter 11 allows the doors to stay open- which is always more attractive to potential suitors. Unless like Gordon mentioned, a potential suitor is looking into a purchase. Can anyone tell if minor maintenance is being done? (i.e. lawn mowed?) If so, it is very possible it is being looked at.
- Beast water
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Beast water
^ Yeah, I've seen that. I just really remember the lake being there much longer than 8 years. I believe when the exit ramp modification was done is when the lake was removed.
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Ohio Attorney General Sues The Beach Waterpark for Failure to Deliver
Business don't close their doors unless they can't pay bills. Given The Beach was forced to close, it is safe to assume all money owed is probably in the millions of dollars- and I am not over exaggerating at all. The Beach issue did not just happen overnight. Vendors NEVER want to cease service to a customer, unless there is no choice, because once service is stopped (in this case, the water was turned off) it is unlikely to recover 100%, if any, money owed. Think about that for a second- the water was turned off at a waterpark. If they cannot pay for the # 1 reason we go there, they have to be behind on everything else. Sure, a liquidation sale will probably take place. But the items, including land, is only as valuable as what someone is willing to pay. For $hits & giggles, let's say there will be money left for the season pass holders. When will they see it? Maybe a year? I'll bet at least 2 years because everything has to be finalized. They would be better served with the current offers. A bird in the had is better than two in a bush.
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Ohio Attorney General Sues The Beach Waterpark for Failure to Deliver
That will absolutely be the judge's goal. Like I mentioned, you can't squeeze blood out of a turnip. If the money is gone, and there is no income. The customer is SOL. The patrons did give money to pay utility bills which then leads to delivering services. It REALLY sucks for those people, but it is what it is.
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Ohio Attorney General Sues The Beach Waterpark for Failure to Deliver
^^Very true. I'm sure The Beach was an S-Corp. meaning the owner(s) cannot have personal assets taken away. Any assets on park property or on park records are open season to be liquidated. EDIT: Unfortunately, the larger bills due will be paid 1st (i.e.: taxes-land & payroll, water, outstanding loans, services rendered and items purchased) and the season pass holders will be last to see anything. The money collected for season pass sales probably went to other bills due. While the AG may be attempting to soothe the season pass holders, he also has to keep other viable businesses in mind. Having someone lose a couple hundred is bad, having a business lose a few thousand is worse (which goes back to the "headline theory"- those reading the story will be able to personally relate to those that lost $$ vs. a business owner). As long as The Beach can accurately prove where the Season Pass income was allocated, those screwed out of their hard earned money will get the short end of the stick. It maybe a bitter pill to swallow, but they should take up KI's offer- it's better than nothing.
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Ohio Attorney General Sues The Beach Waterpark for Failure to Deliver
^ it probably is for show. I wonder if the AG is up for re-election soon.
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Ohio Attorney General Sues The Beach Waterpark for Failure to Deliver
Good luck. You can't squeeze blood out of a turnip.
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Beast water
It is not a big deal, but..... I still have questions when the lake was removed as I can remember vividly in the mid 90's the lake still being present. I brought my then g/f to KI for her first trip and remeber her getting sprayed in the front train queue near the paddle wheel (it was something about her hair ).
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what was the rotor like?
Sounds like a personal experience. An icky yes. I also don't believe to be alone in this experience.
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What`s next for Son of Beast?
fact/fakt/ Noun: A thing that is indisputably the case. Information used as evidence or as part of a report or news article. Synonyms: reailty- deed - actuality - truth - case - circumstance This seems more appropriate: hear·say/ˈhi(ə)rˌsā/ Noun: Information received from other people that cannot be adequately substantiated; rumor. The report of another person's words by a witness, usually disallowed as evidence in a court of law. Synonyms: rumour - rumor - report - gossip - whisper - scuttlebutt Although if fact, how can it be a rumor? Just sayin'.
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Fast Lane
Probably about the same amount that have quit going to other parks that have, for years, had the same system.
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what was the rotor like?
Round. Round. Round. Round. Stop. 11 year old next to you pukes. Restroom. Water. Push soap. Scrub. Air dryer. Rinse. Repeat.
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It's time for KI to get a new front gate!
Is KI's SINKING???
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It's time for KI to get a new front gate!
^ Is it really?
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It's time for KI to get a new front gate!
Enthusiasts may not like cookie-cutter stuff, but it works for big companies. The same Big Mac you get around the corner is the same Big Mac you get in Tokyo. Or in our terminology- the same Eiffel Tower you see in Mason is the same Eiffel Tower you see in Doswell.
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What`s next for Son of Beast?
^ Lemme guess, you are the only one allowed to claim to have inside information.
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What`s next for Son of Beast?
^^ No, and the reason being everything would change. What is known as the "TG Treatment" literally made an entire new coaster minus the name. For this to be done on SoB, the cost would be so tremendous, it isn't worth it given SoB's dark history. TG cost= $10 million for a 4920' coaster with a 153' hill. SoB was 7032' with a 218' hill & additional drops of 164' & 150'. Rough numbers= Initial SoB cost was reported near $15 million. Renovations & modifications were reported around $10 million. It would be safe to say a "TG Treatment" would be $15 million+ making SoB one one the most expensive non-themed wood coasters on the planet. All this, plus, would the company that did the "TG Treatment" be willing to be associated with SoB and it's history? One incident could take everyone associated with SoB down- and it could be some moron that decided to break a rule. It's just not worth it.
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It's time for KI to get a new front gate!
meh, it does not bother me either way. The gate is dated. IR is dated, and cannot be used for public events. Something new, fresh, & open would be nice. Although, walking onto the bright midway to see IS & the fountain from the present gate is always breathtaking.
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Pictures from Soak City VIP Weekend
Nice pics. I laugh at the negative FB comments; some are upset about getting wet.
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Diamondback Seems to be Down
Strike that. It's down again. We need a breaking news section for KIC!
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FUN Meeting Not In Ohio
It would be a great laugh if SS posted the original article!
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Memorial Day Crowds?
Honestly, flip a coin. I have seen both extremes at a few parks. There is no rhyme or reason. Using CP as an example- usually not too busy on Memorial Day because it is far away enough from major cities that people don't leave the traditional picnics for a quick trip to the park. Saturday & Sunday are a different story- especially this year with the fantasic weather forecast.
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Diamondback Seems to be Down
^ A fellow KIC member has confirmed DB is running.
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Stolen iPhone adventures- A MUST READ!
A must read. http://digitallife.t...eged-thief?lite Karma!