Kawana Posted November 11, 2008 Share Posted November 11, 2008 If you look at Behemoth's page here you'll see that the investment for Behemoth was approximately 26 million. However, according to Diamondback's site, the investment for Diamonback is 22 million. My question is, why the discrepancy? What makes Behemoth 4 million dollars more expensive to build? I'm sure the fact that part of it is built over water has something to do with it, but that can't be the sole reason. Quote Link to comment Share on other sites More sharing options...
firehawkboy Posted November 11, 2008 Share Posted November 11, 2008 I think it's in Canadian dollars. But I may be wrong. If I am wrong, don't get an attitude for me being wrong. Ok? Quote Link to comment Share on other sites More sharing options...
Kawana Posted November 11, 2008 Author Share Posted November 11, 2008 I think it's in Canadian dollars. But I may be wrong. If I am wrong, don't get an attitude for me being wrong. Ok? That might make sense, and why would I get an attitude? If you're wrong, it's not a big deal, nobody's perfect. Quote Link to comment Share on other sites More sharing options...
firehawkboy Posted November 11, 2008 Share Posted November 11, 2008 Not you, other people. Ha. Whenever I tend to say something, people get angry because I'm sometimes wrong. But yeah, I will look into that, if it's in Canadian dollars or not. Quote Link to comment Share on other sites More sharing options...
firehawkboy Posted November 11, 2008 Share Posted November 11, 2008 Here you go. Look at the bottom of the page. http://rcdb.com/id4005.htm Quote Link to comment Share on other sites More sharing options...
RailRider Posted November 11, 2008 Share Posted November 11, 2008 Heres the conversion at todays rates. So as you can see costs are almost identical. 26,000,000.00 CAD = 21,521,279.76 USD 1 CAD = 0.827742 USD 1 USD = 1.20811 CAD Quote Link to comment Share on other sites More sharing options...
Beast1979 Posted November 11, 2008 Share Posted November 11, 2008 So, apperently Diamondback costs just a tad more, which makes sense. Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted November 11, 2008 Share Posted November 11, 2008 The conversion rate has been all over the map. At this point, I don't think you really can compare the costs between the two accurately...as you would have to know exactly when the price for the Canadian coaster was fixed, and in what dollar terms in the contract between B & M and Cedar Fair is denominated for Behemoth--US or Canadian. Good luck! Quote Link to comment Share on other sites More sharing options...
RailRider Posted November 11, 2008 Share Posted November 11, 2008 Very true, I think it is safe to say that the costs are very close to one another no matter what the conversion rate. Quote Link to comment Share on other sites More sharing options...
RailRider Posted November 11, 2008 Share Posted November 11, 2008 So Im going to take Terpy's point and make some educated guesses and assumptions and see if I can figure out the conversion or put a little more theory behind it. Cedar Fair acquired Paramount Parks during 2006, but their first off seasson was 06 and 07. We know that Diamondback has been in planning for 2 years. Bascially meaning that CF planned for it right out of the gate. I am going to assume that when they planned DB they were also planning Behemoth at the same time and negotiated the prices together. So lets assume the contract was signed in 2007, meaning that prices to purchase are in 2007 $s. Therefore I will use the conversion rate from the first business day of 2007, meaning January 2nd. So at that time the conversion rate was 0.8584 USD to 1.1649 CAD. Using that info, the purchase of Behemoth at $26,000,000 CAD converts to $22,319,512.40 USD. Now if you sign the contract for Diamondback at the same time and lock the price at $22,000,000 USD you are basically spending the same amount on each coaster. Hopefully this makes sense to everyone, but honestly all Im trying to show is that the costs for these 2 coasters is basically the same. Quote Link to comment Share on other sites More sharing options...
tigellinus Posted November 11, 2008 Share Posted November 11, 2008 ^^Well, no offense to Behemoth, but frankly, *I* could construct it's queue!! Concrete, railings, awning, period. The Behemoth entrance sign looks cool, but doesn't look expensive or anything (like Goliath at SFMM). Also, was it ever determined if gas and transportation costs were a factor as D-back from Batavia is a smaller distance compared to what Behemoth might have been?? Having said that, my foreign finance class at IU was a while ago, but I think you can hedge currency conversion costs if you're a bigger company. Plus, in addition to building partially in the lake, CW's Action Zone got a lot of remodeling, maybe even more so than Rivertown?? But I think at the end of the day, building Behemoth at KI (sans splashdown) would come very close to D-back's $22 mil. Quote Link to comment Share on other sites More sharing options...
Captain Picard Posted November 12, 2008 Share Posted November 12, 2008 If they was to buy the steel today to build it it would be way less than what they had to pay. Scrap metal was 300+ a ton 6 months ago and now it's down around 40. I remember it was high back when they started DB. Prices for everything to build a coaster has come down and it would be a good time to buy a coaster if you wanted one. Quote Link to comment Share on other sites More sharing options...
Kawana Posted November 12, 2008 Author Share Posted November 12, 2008 So Im going to take Terpy's point and make some educated guesses and assumptions and see if I can figure out the conversion or put a little more theory behind it. Cedar Fair acquired Paramount Parks during 2006, but their first off seasson was 06 and 07. We know that Diamondback has been in planning for 2 years. Bascially meaning that CF planned for it right out of the gate. I am going to assume that when they planned DB they were also planning Behemoth at the same time and negotiated the prices together. So lets assume the contract was signed in 2007, meaning that prices to purchase are in 2007 $s. Therefore I will use the conversion rate from the first business day of 2007, meaning January 2nd. So at that time the conversion rate was 0.8584 USD to 1.1649 CAD. Using that info, the purchase of Behemoth at $26,000,000 CAD converts to $22,319,512.40 USD. Now if you sign the contract for Diamondback at the same time and lock the price at $22,000,000 USD you are basically spending the same amount on each coaster. Hopefully this makes sense to everyone, but honestly all Im trying to show is that the costs for these 2 coasters is basically the same. Makes sense to me. Thanks. Quote Link to comment Share on other sites More sharing options...
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