Browntggrr Posted August 19, 2016 Posted August 19, 2016 My head hurts trying to figure out how this is logical or even has the possibility of being successful. I guess they are trying anything??? (which I will give them credit) 3 Quote
jcgoble3 Posted August 20, 2016 Posted August 20, 2016 Given that it's not a bustling area, I wonder what other indoor entertainment options there are in the area. I assume that there is likely the basic stuff, such as bowling alleys and movie theaters, somewhere reasonably close by. But is there anything in the area similar to what is proposed here? If not, it would give local area residents another, unique option for family entertainment and thus could end up being a good move that draws a significant amount of revenue, especially during the winter. Not will, but could. jcgoble3, pondering and probably missing something... 2 Quote
The Interpreter Posted August 20, 2016 Author Posted August 20, 2016 The fact the park's management couldn't run a lemonade stand profitably? 4 Quote
freaks76 Posted August 20, 2016 Posted August 20, 2016 Where in the world would they even get money for that? Things that make ya go hmmmm. 4 Quote
King Ding Dong Posted August 20, 2016 Posted August 20, 2016 Where in the world would they even get money for that? Things that make ya go hmmmm. Sears shareholders looking for the next big score. 3 Quote
The Interpreter Posted August 20, 2016 Author Posted August 20, 2016 Seriously, though, that's part of the problem. The park is owned and operated, supposedly, by a tax-exempt non-business organization. 1 Quote
The Interpreter Posted August 27, 2016 Author Posted August 27, 2016 Labor Day: Noon-SIX $5 Ride All Day Dry $5 Water Park $10 Combo 15% off at Log Cabin Gift Shop *** These prices do NOT apply the days before on Labor Day weekend: Amusement Park: Friday and Sunday: noon-EIGHT Saturday: noon-TEN Labor Day: noon-SIX. Water Park: Friday thru Monday: noon-SIX There can be no assurance Conneaut Lake Park will be open for the 2017 season.... 3 Quote
The Interpreter Posted August 27, 2016 Author Posted August 27, 2016 About which that last: See Gore Range's post(s?) today here: http://clpjunction.com/forum/viewtopic.php?t=652&postdays=0&postorder=asc&start=15 Link provided for reader convenience. The poster here makes no warranties, express or implied, about the accuracy of facts and opinions contained at the link cited. Nevertheless, the reader is urged to check out that link and ponder its importance. 3 Quote
The Interpreter Posted September 6, 2016 Author Posted September 6, 2016 BREAKING: Bankruptcy Judge Confirms Park Reorganization Plan: http://www.goerie.com/news/20160906/bankruptcy-court-judge-confirms-conneaut-lake-park-reorganization-plan 6 Quote
IBEW_Sparky Posted September 6, 2016 Posted September 6, 2016 ^Beat me to it by 8 minutes, lol, it came up on my Facebook feed and I was about to post it. It took me two minutes to pick my jaw up off the floor, Im absolutely astounded it was approved. 2 Quote
The Interpreter Posted September 6, 2016 Author Posted September 6, 2016 The unsecured creditors are basically being stiffed. If they ever collect a cent, they'll be lucky. Terp, posting as a financial type only..no opinions related to any other discipline are to be implied or inferred herein. 5 Quote
The Interpreter Posted September 6, 2016 Author Posted September 6, 2016 Also, I still say there can be no assurance the park, the hotel, or related entities will open for 2017 or stay open for the entire season. 7 Quote
freaks76 Posted September 12, 2016 Posted September 12, 2016 So, does that mean the saga is over, for now? Quote
The Interpreter Posted September 12, 2016 Author Posted September 12, 2016 Other than who gets the Beach Club insurance proceeds, which additional property has to be sold and when to pay off secured debts, scraping up enough money to open next year, securing tax exempt status, board squabbles, and...most of all, actually operating a park not at a loss (NOT just increasing revenue--not adding more and more and more debt) for now, yes. At the hearing, the Trustees' representative sought "one last chance." Only one unsecured creditor voted against the plan. An appeal on the plan decision itself is very unlikely. The appeal of the Beach Club decision continues. But nowhere along the way have these people learned to run a successful amusement park. It sadly will result the sane way, again. They are already wanting to add a year round family fun center--which will distract them, and, doubtlessly, lose more money. Note that unlike an individual, a business entity can (and often does) file or get forced into filing bankruptcy a short time after a prior bankruptcy has been resolved. The wisdom of that I leave for others. The likelihood here is, sadly, quite high. The problems that lead the park, again and again, to precarious financial positions, have not been resolved. 1 Quote
PhantomTheater Posted November 17, 2016 Posted November 17, 2016 Conneaut Lake Park to auction items from the park. Plans are to use the funds to expand Camperland. http://www.meadvilletribune.com/news/local_news/full-story-auction-to-sell-off-unused-conneaut-lake-park/article_2aad9762-ab95-11e6-abe9-57e06b26c144.html 1 Quote
Creed Bratton Posted January 19, 2017 Posted January 19, 2017 Conneaut Lake Park Leaders Approve Management Company http://www.meadvilletribune.com/news/local_news/conneaut-lake-park-leaders-approve-management-company/article_5b20bba2-e80f-53df-aa58-6dca4978c48a.html?utm_source=ITPS+Amusement+INdustry+News&utm_campaign=f832ac937c-EMAIL_CAMPAIGN_2017_01_18&utm_medium=email&utm_term=0_51d9c64022-f832ac937c-231732317 2 Quote
Creed Bratton Posted January 31, 2017 Posted January 31, 2017 Conneaut Debt Cut In Halfhttp://www.meadvilletribune.com/news/local_news/conneaut-lake-park-s-real-estate-debt-cut-in-half/article_5648055c-c83a-57a2-a2e6-1d374a1b084d.html?utm_source=ITPS+Amusement+INdustry+News&utm_campaign=9d8f4558d0-EMAIL_CAMPAIGN_2017_01_31&utm_medium=email&utm_term=0_51d9c64022-9d8f4558d0-231732317 2 Quote
Creed Bratton Posted February 19, 2017 Posted February 19, 2017 Park emerging from bankruptcy http://www.goerie.com/news/20170219/turning-corner-conneaut-lake-park-emerges-from-bankruptcySent from my iPhone using Tapatalk 3 Quote
TombRaiderFTW Posted February 20, 2017 Posted February 20, 2017 I really hope they can keep the improvement trend going! That's great, and it's exciting that they managed to turn a profit for the first time in a while. CLP really could be a charming park if it had the money to keep going. 3 Quote
rhyano Posted February 20, 2017 Posted February 20, 2017 Great to see the park making money again, hopefully this continues and we'll see some new stuff come from the park soon! I'm hoping that I can attempt to visit the park for the first time this year! 2 Quote
CoastersRZ Posted February 20, 2017 Posted February 20, 2017 Never been to the park before. I was close when I went to Waldameer and then proceeded onto Niagara Falls and Canada`s Wonderland. Hopefully they can make it and be around for several more years so I can get back out that way. 1 Quote
Creed Bratton Posted February 20, 2017 Posted February 20, 2017 My 2 visits showed the wear and tear of the park.....I'd love to see it continue to grow and be fixed up. It really can be a nice park. 1 Quote
Browntggrr Posted February 20, 2017 Posted February 20, 2017 Being a local, this is fantastic news. But I'm not getting my hopes up. We have heard this same story a number of times over the past couple decades only to have the rug pulled out from under us and another restructuring is announced with new players in charge. 4 Quote
Oldiesmann Posted February 23, 2017 Posted February 23, 2017 It's an interesting little park. I stopped by on my way to Erie last year and spent a few hours there riding everything a few times. Definitely worth checking out if you're in the area. 2 Quote
PhantomTheater Posted May 26, 2017 Posted May 26, 2017 http://www.meadvilletribune.com/news/conneaut-lake-park-improves-as-opening-weekend-nears/article_74d1b062-40d7-11e7-90dc-3b78370f84b7.html Opening Day is upon CLP. 3 Quote
BeeastFarmer Posted June 20, 2017 Posted June 20, 2017 I went to Conneut Lake on Saturday. I was blown away. Upon first glance, you see a run down park and wonder "Is it is even safe to be here?" I'm not a spinny flat ride kinda guy, so I skipped those. But Blue Streak and Devils Den were a real treat. I have never seen ride ops work so hard, and they have to given the tech on the rides! The water park was packed and the dry park was crowded. Good food and great staff all around. 6 Quote
PhantomTheater Posted July 25, 2017 Posted July 25, 2017 Conneaut Lake Park celebrates 125 years. http://www.meadvilletribune.com/news/conneaut-lake-park-celebrates-years-of-fun/article_fbce5efa-7019-11e7-b585-dbdd7610f939.html 3 Quote
jcgoble3 Posted August 15, 2017 Posted August 15, 2017 After Decades Of Decline And Disrepair, Conneaut Lake Park Is Turning A Profit http://wesa.fm/post/after-decades-decline-and-disrepair-conneaut-lake-park-turning-profit#stream/0 Wonderful to see the park rebounding so nicely from bankruptcy. 4 Quote
Oldiesmann Posted August 17, 2017 Posted August 17, 2017 Trustees of Conneaut Lake repay all delinquent property taxes: http://www.erienewsnow.com/story/36154136/trustees-of-conneaut-lake-park-repay-all-delinquent-property-taxes#.WZVuJ0xfLuE.facebook 4 Quote
BeeastFarmer Posted October 22, 2021 Posted October 22, 2021 Was hoping the new owner was going to strike the right balance to keep this park alive and thriving, but the CLP as I knew it from 2017 appears to be gone. I wish Gene Staple had won the auction. The Blue Streak was one of the most terrifying but fun coasters I have ever been on. And the Devil's Den was great. Quote
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.