Geauga Lake City Tax Receipts Plunge...From 800K to 15-20K!

Geauga Lake Park tax receipts plunge; City looks at $15,000-$20,000 in 2009:

During the amusement park's financial heyday in 2001, Six Flags Ohio provided the city with $800,000 annually in income / admission taxes, according to Mayor Lynn McGill.Eight years later, the park has been reduced to Geauga Lake's Wildwater Kingdom, and McGill said he expects the city to receive only between $15,000 and $20,000 in revenue under a proposed agreement.

"We've been anticipating this decrease in revenue for the last seven years and have been budgeting for it," McGill said....

http://www.auroraadvocate.com/news/article/4580785