The Interpreter Posted December 21, 2006 Share Posted December 21, 2006 It's part of this press release: Press Release Source: Cedar Fair Entertainment Company Cedar Fair Announces $83 Million in Additions & Improvements for the 2007 Season Thursday December 21, 4:33 pm ET SANDUSKY, Ohio, Dec. 21 /PRNewswire-FirstCall/ -- Cedar Fair Entertainment Company (NYSE: FUN - News), a publicly traded leader in regional amusement parks, water parks and active entertainment, has announced plans for $83 million in additions and improvements at its parks for the 2007 season. Cedar Fair owns and operates 12 amusement parks, five outdoor water parks, one indoor water park and six hotels. Its parks are located in Ohio, California, North Carolina, Virginia/District of Columbia, Pennsylvania, Minnesota, Missouri, Michigan and Toronto, Ontario. Dick Kinzel, chairman, president and chief executive officer, reported that the 2007 program will be highlighted by Maverick, a $21 million roller coaster at its flagship park, Cedar Point. Located in the park's Frontiertown section, Maverick will treat riders to eight "airtime-filled hills," three inversions and a second launch through a dark tunnel as the coaster reaches speeds of up to 70 mph. "After we built Top Thrill Dragster in 2003, I have been asked where do you go from here?" said Kinzel. "Now we have the answer in Maverick. With low to the ground, multiple terrain-hugging elements and plenty of airtime, it's a ride that everyone will enjoy." Kinzel also mentioned that an additional $4 million will be spent at Cedar Point in restaurant renovations and general park improvements. The 2007 capital program will also feature an $11 million water park expansion at the newly acquired Kings Dominion amusement park. The new attractions will include the addition of a second wave pool, a Tornado water slide with turning and churning wet spills, and a Zoom Flume, which will give families the opportunity to enjoy a rafting adventure together. "These have been very popular with guests at several of our other water parks, and I am sure visitors to Kings Dominion will enjoy these rides during the hot, humid Virginia summers," said Kinzel. Kings Island, another park that the company acquired this past season, and Knott's Berry Farm, the company's only year-round park, will spend approximately $10 million and $8 million, respectively, on their 2007 capital programs. Kinzel added that both programs will be highlighted by major new thrill rides that will be announced by the parks at a later date. Valleyfair will spend $7 million for its 2007 operating season and will feature Renegade, a new wooden roller coaster. This 104-foot-tall coaster will entertain guests with a never-before-experienced twisting first drop, a low-to-the-ground high-speed S-turn and a high-speed station fly-by. The remaining capital will be allocated across our other seven parks and will include new rides and attractions as well as new restaurants, ice shows and general park improvements. "Jack Falfas and his team have been working very hard to maximize our capital dollars and I believe we have an exciting program in place at all of our parks for the 2007 operating season," said Kinzel. "The $83 million program represents a wide range of attractions and shows the company's commitment and dedication to offering the best in family entertainment, guest experience and service." Cedar Fair Entertainment Company (NYSE: FUN - News), a publicly traded partnership headquartered in Sandusky, Ohio, is one of the largest regional amusement park/resort operators in the world. The company owns and operates 12 amusement parks, five outdoor water parks, one indoor water park and six hotels. Amusement parks in the company's northern region include three in Ohio: Cedar Point, Sandusky, consistently voted "Best Amusement Park in the World" in Amusement Today polls; Kings Island, near Cincinnati; and Geauga Lake & Wildwater Kingdom, Aurora; as well as Canada's Wonderland, near Toronto; Dorney Park, Allentown, Pa.; Valleyfair, Shakopee, Minn.; and Michigan's Adventure, near Muskegon, Mich. In the southern region are Kings Dominion, Richmond, Va.; Carowinds, Charlotte, N.C.; and Worlds of Fun, Kansas City. Western parks in California include: Knott's Berry Farm, Buena Vista; Great America, Santa Clara; and Star Trek: The Experience, an interactive adventure in Las Vegas. This press release and prior press releases are available online at www.cedarfair.com. http://biz.yahoo.com/prnews/061221/clth108.html?.v=7 Quote Link to comment Share on other sites More sharing options...
UncleHenry Posted December 21, 2006 Share Posted December 21, 2006 Major new thrill attraction huh? Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted December 21, 2006 Author Share Posted December 21, 2006 Notice any P words totally missing? Quote Link to comment Share on other sites More sharing options...
tubaman Posted December 21, 2006 Share Posted December 21, 2006 Notice any P words totally missing? Took me a second, but I think I know what you mean now. Quote Link to comment Share on other sites More sharing options...
KIfan73 Posted December 21, 2006 Share Posted December 21, 2006 Well, I am just blown away! (Will I be soaring away?) Glad I renewed that pass! I am 33 years old and thanks to this site I am a giddy 13 year old looking forward to 2007! Quote Link to comment Share on other sites More sharing options...
WooferBearATL Posted December 21, 2006 Share Posted December 21, 2006 I didn't miss any P Words at all. Not one bit in fact. Quote Link to comment Share on other sites More sharing options...
RingMaster Posted December 21, 2006 Share Posted December 21, 2006 So does this mean it'll cost $10 million just to move X-Flight down here (if this is the case)? Or does this also include completely new landscaping upgrades and more shows with the park? Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted December 21, 2006 Author Share Posted December 21, 2006 I would assume the cost of repairing Son of Beast is part of the capital investment program. . . Quote Link to comment Share on other sites More sharing options...
KIfan73 Posted December 21, 2006 Share Posted December 21, 2006 I'd love to see a breakdown of costs of even bringing a pre-used coaster to a park. Sure is one expensive carnival, eh? Quote Link to comment Share on other sites More sharing options...
WooferBearATL Posted December 21, 2006 Share Posted December 21, 2006 I'd love to see a breakdown of costs of even bringing a pre-used coaster to a park. Sure is one expensive carnival, eh? Nick Universe .... Cough... Cough <G> Quote Link to comment Share on other sites More sharing options...
KIfan73 Posted December 21, 2006 Share Posted December 21, 2006 Nick Universe is going beside FOF? Wait 'til I post this in the rumors section!! Quote Link to comment Share on other sites More sharing options...
Cody Posted December 21, 2006 Share Posted December 21, 2006 heh looks like we geting two new attractions Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted December 21, 2006 Author Share Posted December 21, 2006 And why do you say that? Do you count Son of Beast as a new attraction? Quote Link to comment Share on other sites More sharing options...
Cody Posted December 22, 2006 Share Posted December 22, 2006 Kings Island, another park that the company acquired this past season, and Knott's Berry Farm, the company's only year-round park, will spend approximately $10 million and $8 million, respectively, on their 2007 capital programs. Kinzel added that both programs will be highlighted by major new thrill rides that will be announced by the parks at a later date. I dont think Son of Beast was supossed to be in the 2007 programs, what happen in july was an accident, Im very sure this statment hints out alot of things. Like when did Kings Island become a year-round park? and also its say 10million and 8million, it doesnt say 8 to 10million ,so something up. I puting my money on 2 attractions Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted December 22, 2006 Author Share Posted December 22, 2006 Kings Island, another park that the company acquired this past season, and Knott's Berry Farm, the company's only year-round park, will spend approximately $10 million and $8 million, respectively, on their 2007 capital programs. Kinzel added that both programs will be highlighted by major new thrill rides that will be announced by the parks at a later date. I dont think Son of Beast was supossed to be in the 2007 programs, what happen in july was an accident, Im very sure this statment hints out alot of things. Like when did Kings Island become a year-round park? and also its say 10million and 8million, it doesnt say 8 to 10million ,so something up. I puting my money on 2 attractions Uh, that's 8 million for Knotts and 10 million for Kings Island. Knotts is mentioned as the year round park...not Kings Island. Go back and read it again! Quote Link to comment Share on other sites More sharing options...
Cody Posted December 22, 2006 Share Posted December 22, 2006 i still on the edge... Quote Link to comment Share on other sites More sharing options...
Kenban Posted December 22, 2006 Share Posted December 22, 2006 Why does it says they will announce what Knotts is getting later? They already announced it about a month ago its a coaster called Sierra Sidewinder. Which does leave Kings Island as the only park that has not announced its ride yet. Quote Link to comment Share on other sites More sharing options...
KIfan73 Posted December 22, 2006 Share Posted December 22, 2006 I would love to think its because their marketing team gets together, reads the posts on this site, and has a blast laughing hysterically at what people write. Quote Link to comment Share on other sites More sharing options...
WooferBearATL Posted December 22, 2006 Share Posted December 22, 2006 I would love to think its because their marketing team gets together, reads the posts on this site, and has a blast laughing hysterically at what people write. They laugh because there really are not many secrets with a board like this? Quote Link to comment Share on other sites More sharing options...
fryler87 Posted December 22, 2006 Share Posted December 22, 2006 10 mil is way more than enough to tear a coaster down, send it flying down 71, and rebuild it. KI is going to be looking sharp come opening day. Quote Link to comment Share on other sites More sharing options...
PKIVortex Posted December 22, 2006 Share Posted December 22, 2006 X-Flight is a major thrill ride. I don't know why they don't just tell us. I can't wait until it finally comes out. Quote Link to comment Share on other sites More sharing options...
Jasper Posted December 22, 2006 Share Posted December 22, 2006 Well you never know they could just be clearing land for a new garden or greenhouse or something along those lines. Or they could be clearing a large section of land to place the loop from SOB in. Haha Obviously i am joking. I for one cannot wait to see what Cedar Fair does to the face of our good ole' Kings Island. Quote Link to comment Share on other sites More sharing options...
PKIKooK304 Posted December 22, 2006 Share Posted December 22, 2006 I love this I cant wait to see what we get Quote Link to comment Share on other sites More sharing options...
RingMaster Posted December 22, 2006 Share Posted December 22, 2006 I for one hope that the Nickelodeon Celebration Parade makes a return next year. I miss it now. Quote Link to comment Share on other sites More sharing options...
Skywriter Posted December 22, 2006 Share Posted December 22, 2006 I for one hope that the Nickelodeon Celebration Parade makes a return next year. I miss it now. There we got that clearing everyone is talking will be storage for the 4-5 huge new floats for the Nickelodeon Celebration Parade.JK Quote Link to comment Share on other sites More sharing options...
TopThrill Posted December 22, 2006 Share Posted December 22, 2006 Yeah some big news, and its funny Maverick at 21 million is getting a courter of the budget LOL. I hope some of the money going to be spent on KI for next season goes into improving the parks face, paths, buildings, fixing up old looking walls. Just so that on opening day the guest will be shocked . Quote Link to comment Share on other sites More sharing options...
CoastersNSich Posted December 22, 2006 Share Posted December 22, 2006 I didn't miss any P Words at all. Not one bit in fact. I counted every single "P" word in the... article... Press PRNewswire publicly parks parks plans parks parks parks park parks Pennsylvania president program park Point park's mph. (it contains "per") plenty Point park program park park pool, popular parks, Kings Island (but not some "P" word that usually goes before it) park past park programs parks parks park program parks program publicly partnership park/ parks, parks, park parks Point Park Park, Pa.; (An abbreviation for Pennsylvania) parks press prior press Ohhh... I think the one you were looking for isn't there. Sorry, my bad. Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted December 22, 2006 Author Share Posted December 22, 2006 [somehow, I think I deserved that! ] Good one, CoastersNSich! Quote Link to comment Share on other sites More sharing options...
harvesterofyoursorrow Posted December 22, 2006 Share Posted December 22, 2006 KI is going to be looking sharp come opening day. Without those darn metal detectors mind you! Quote Link to comment Share on other sites More sharing options...
flightoffear1996 Posted December 22, 2006 Share Posted December 22, 2006 Wow CoastersnSinch you must be bored. Quote Link to comment Share on other sites More sharing options...
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