The Interpreter Posted March 7, 2009 Share Posted March 7, 2009 http://news.prnewswire.com/DisplayReleaseC...4348&EDATE= Quote Link to comment Share on other sites More sharing options...
AintNutinElse2Do Posted March 7, 2009 Share Posted March 7, 2009 While I would like to see a larger investment made into the park. I think Herschend may actually turn this park around. Quote Link to comment Share on other sites More sharing options...
CoastersRZ Posted March 7, 2009 Share Posted March 7, 2009 Well, Herschend was VERY conservative with their capital expenditures for 2009. Just look at Dollywood, where they postponed the planned addition for 2009, citing the economy and increased material costs. Herschend seems to be not just into rides either, but entertainment and shows, as evident at Dollywood. As an aside, Herschend Family Entertainment also now owns the Newport Aquarium. Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted March 7, 2009 Author Share Posted March 7, 2009 I strongly suspect that unless there is drastic improvement in the economy, the years of record investments in parks year after year are over for quite some time. Don't be expecting major investments in parks on anywhere near as regular basis as in the past. Just as 2000 was a singularly remarkable year for capex, I think we will one day look back at the industry with a line of demarcation--pre-2009 and post 2009. When will major reinvestment begin again? Short answer: no one knows. I do expect massive changes in ownership in North American parks in the short term, and perhaps even closure of large numbers of marginal parks in the midterm. Quote Link to comment Share on other sites More sharing options...
tigellinus Posted March 7, 2009 Share Posted March 7, 2009 ^^Now let's ride some White Lightning!! Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted March 7, 2009 Author Share Posted March 7, 2009 I wouldn't count my unbuilt coasters before they even start construction. Addams Family, anyone? Airplane at KI, anyone? Quote Link to comment Share on other sites More sharing options...
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