a7x4ever000 Posted June 25, 2006 Posted June 25, 2006 Someone in the Six Flags Magic Moutain group on myspace started this. i was thrilled when i saw it. It would be suck so much if it were closed, or sold, and torn down to build houses. therefore, here is a petition and if you like Sfmm at all, you will sign. I've talked to the person who started it, and he says that when we get enough signatures, he will send it to Mark Shapiro. SAVE THE MOUTAIN!!!! Mod Edit: What the hell is a "moutain"? http://www.onlinepetitionsareawasteoftimeandneverwork.com/SaveMM/petition.html
a7x4ever000 Posted June 25, 2006 Author Posted June 25, 2006 there's talk about them selling it to real estate companies if they do sell it, and if they do, then the real estate bastards will close it and tear down all the rides so they can build houses.
SLUSHIE Posted June 25, 2006 Posted June 25, 2006 I think your jumpng the gun a little. They haven't even said they are going to sell it.
Jon Sabo Posted June 25, 2006 Posted June 25, 2006 Perhaps some people either cannot read, fail to read, or they cannot decipher word text..lol READ the information carefully and feel free to pass along ANY information where it states SPECIFICALLY "SELL/SOLD/Up-for-sale" Source: http://investors.sixflags.com/phoenix.zhtml?c=61629&p=irol-newsArticle&ID=875468&highlight= *** Press Release View printer-friendly version Back Six Flags to Explore Strategic Options for Six Properties - Buffalo, Concord, Denver, Seattle, Houston and Los Angeles; Company Provides Mid-Quarter Update on Operations NEW YORK, Jun 22, 2006 (BUSINESS WIRE) -- Following a comprehensive review of the Company's assets, Six Flags, Inc. (NYSE: SIX) today announced its decision to explore potential strategic options with respect to six of its properties. The properties are: Six Flags Darien Lake (outside Buffalo, New York); Six Flags Waterworld (Concord, California); Six Flags Elitch Gardens (Denver, Colorado); Wild Waves and Enchanted Village (outside Seattle, Washington); Six Flags Splashtown (Houston, Texas); and Six Flags Magic Mountain and Hurricane Harbor (near Los Angeles, California). Although the Company cannot predict when, or if, any specific transaction will occur with respect to these properties, potential options include a sale of the parks as going concerns in a single transaction or a series of transactions, dismantling and re-utilizing certain rides and attractions and selling the underlying land for real estate development purposes, as well as other potential alternatives. In March, the Company's new management indicated that a key strategic initiative was to evaluate the disposition of non-core assets in order to reduce leverage and focus management resources on the Company's parks that have the highest strategic value. Since March, the Company: -- Sold the land where Six Flags Astroworld was located for an aggregate purchase price of $77 million; -- Agreed to sell the assets of the Columbus, Ohio, water park to the Company's lessor, the Columbus Zoo, for $2 million at the end of the lease term (October 31, 2006); -- Exercised the right to terminate the lease of the Sacramento water park following the 2006 season and is currently in discussions with third parties to sell the rides and attractions at that park; -- Announced that it would be selling its two Oklahoma City parks, and has received multiple bids that the Company is currently evaluating; and -- Is actively marketing certain parcels of excess land at its parks in Gurnee, Illinois, and Eureka, Missouri. "We're making progress with our strategy to focus on the growth of our strongest assets, reduce the Company's debt, and generate increased value for our shareholders," said Mark Shapiro, who was named President and Chief Executive Officer of Six Flags in December 2005. Update on Operations(1) As previously scheduled, today the Company also provided an update on its business performance through the end of May and through June 18th, which includes the first three weeks in which all of its parks have been in full-time operation. For the period through May 31, total revenues were up approximately 1%, or $2.6 million, compared to the same period last year, driven by a strong increase in guest spending and offset by a decline in attendance. Per capita guest spending, which excludes sponsorship and other revenues not related to guest spending, was up approximately 15%, an increase of $4.47 per capita, due to increased spending on tickets, food, parking, merchandise, and games. Attendance declined by approximately 760,000, or 11%. For the period through June 18, which captures the most recent weekend in June, total revenues were down approximately 1%, or $3.2 million, compared to the prior year period. Per capita guest spending was up approximately 14%, an increase of $4.12 per capita, and attendance was down approximately 1.3 million, or 13%, driven primarily by reduced season pass attendance. "Increased guest spending is continuing at a strong pace - a clear indication that our strategy is working. The drop-off in attendance was driven primarily by an anticipated decline in our season pass sales, which we are no longer deeply discounting in an effort to restore price and brand integrity, and to wean ourselves from those teens who don't spend money in the park," said Shapiro. "What has been unexpected thus far is that the families we are targeting to replace those teens have been harder to attract than anticipated. Make no mistake about it, families are coming back - as evidenced by our solid increase in per capita guest spending - but not as quickly as we had hoped. We have to work even harder to regain their trust and bring them back to sample today's Six Flags." Shapiro noted that attendance was also negatively impacted by the season-long closure of the New Orleans park due to damage it sustained from Hurricane Katrina, reduced visits to the Six Flags park in Mexico City by school groups, reduced and delayed marketing expenditures, rides that came on-line late, and weather on the West Coast in the first quarter and on the East Coast in May. To accelerate the Company's turnaround with its target audience, Mr. Shapiro also said the Company plans to further increase its cash operating expenses by $15 million above prior guidance (to approximately $60 million) over the course of the year. These increased expenditures are primarily for additional staffing in the parks to further improve the guest experience. Given the Company's performance to date, recent attendance trends, and the additional $15 million of cash operating expenses, reaching the prior adjusted EBITDA guidance will be extremely difficult. And although the second quarter is not complete, the Company is at risk of not complying with certain financial covenants in its bank credit agreement. The Company is in discussions with the agent bank and intends to seek amendments to those covenants. Mr. Shapiro said, "We're investing more in our operations because the health of our business depends on bringing back families. Our first priority is to fix the operation and that is not going to happen overnight. We see this as a long-term investment."
J-ELLO Posted June 25, 2006 Posted June 25, 2006 Its a plot. Shapiro threatens to sell off one of the biggest parks in the chain, so that people might get the urge to attend the park before its gone. The sudden urge in money will bring the company out of debt and Astroworld will be resurrected on a banana plantation in Panama
TheKlockster Posted June 25, 2006 Posted June 25, 2006 If they do sell - the rides will probably be moved to other SF parks first. That land is worth ALOT - selling it would be a good business decision - though it would suck for enthusiasts.
coastercraze2005 Posted June 25, 2006 Posted June 25, 2006 If they do close this park down, they should at least relocate the rollerocosters to KBF or SFMW and keep them on the West Coast.
willski Posted June 25, 2006 Posted June 25, 2006 "Increased guest spending is continuing at a strong pace - a clear indication that our strategy is working. The drop-off in attendance was driven primarily by an anticipated decline in our season pass sales, which we are no longer deeply discounting in an effort to restore price and brand integrity, and to wean ourselves from those teens who don't spend money in the park," said Shapiro. "What has been unexpected thus far is that the families we are targeting to replace those teens have been harder to attract than anticipated. Make no mistake about it, families are coming back - as evidenced by our solid increase in per capita guest spending - but not as quickly as we had hoped. We have to work even harder to regain their trust and bring them back to sample today's Six Flags." Shapiro noted that attendance was also negatively impacted by the season-long closure of the New Orleans park due to damage it sustained from Hurricane Katrina, reduced visits to the Six Flags park in Mexico City by school groups, reduced and delayed marketing expenditures, rides that came on-line late, and weather on the West Coast in the first quarter and on the East Coast in May. Hahahaha....I knew Red Zone would suck at managing SFI. Shapiro reports increased guest spending, which sounds nice in a press release, but in actuality it means they are selling the same amount of stuff as last year (or maybe even less), since the prices for everything have gone up. And once again, notice that they attacked the old SFI management for always blaming weather, and what do they do? Yes, that's right, blame the weather for closing a park and for decreased attendance. Sorry, but you can't change the focus of parks that were all-thrills for 15-20 years to families. SFMM, SFGAdv, SFGAm, SFoT, and SFoG will never (at least not for quite some time) be fantastic family parks, simply because they have so many thrill rides. I thought the old management was bad and that Red Zone was really going to change things. Boy was I wrong, everything is exactly the same, but the expectations are higher since SFI is under "new management". What a disappointment. EDIT: I also just had to add this. Most families in the large urban areas near a Six Flags do not have massive amounts of disposable income, so they are likely to visit once a year or once every other year because it is so expensive. Look at it this way (family of 4 @ SFoG): Parking (free map yay!!11!!!): $15 Tickets (no discounts): $210 Meal for 4+snack during the day: $65 Souvenirs: $30 That totals up at $330, which is a ton of money for some families. When Universal and Disney only cost a hundred dollars more or can even be cheaper via multi-day packages, it's no wonder that SFI's attendance is suffering, since most people would rather have a trip to Disney/Universal every other year instead of a yearly trip to a Six Flags park.
Jon Sabo Posted June 25, 2006 Posted June 25, 2006 I think the thread(s) are getting out of hand. Most of the posts are already believing that the park chain has already put up a "For Sale" sign for its parks. I would challenge anyone on here to post where they have seen that "official" word from park executives. For all we know it may NOT even happen. No one knows at this point.
ParkTrips Posted June 25, 2006 Posted June 25, 2006 I think the thread(s) are getting out of hand. You are a quick one
TriboElectric Posted June 25, 2006 Posted June 25, 2006 From Press release ....potential options include a sale of the parks as going concerns in a single transaction or a series of transactions, dismantling and re-utilizing certain rides and attractions and selling the underlying land for real estate development purposes, as well as other potential alternatives.
SilverTower Posted June 25, 2006 Posted June 25, 2006 I think it is a bad idea to tear it down since they just built Tatsu and they should just keep it the way it is because it is a great theme park.
ECZenith Posted June 25, 2006 Posted June 25, 2006 I said it before... Don't panic! They just started talking about this... WAY too early to start a petition.
waterviper Posted June 25, 2006 Posted June 25, 2006 I dont think so!!!! It's never to early to be safe!! If you start it now the petition will have a hell of a lot more signatures on it then if you start the petition later when you know for sure it is going to be sold!!! So I DO not think its to early!! Sign away people!! SAVE THE MOUTAIN!!
socalMAN123 Posted June 25, 2006 Posted June 25, 2006 I signed it in a heartbeat. SFMM, even though it is not the greatest run park, still is incredible. If SF decides to sell it, I think they are making a wrong desicion. And wait a sec, it wasn't just SFMM mentioned in this deal, was it? What about SFEG, SFDL, WW & EV, and HH? ---Brent
Jumboshrmp Posted June 25, 2006 Posted June 25, 2006 If they do sell - the rides will probably be moved to other SF parks first. That land is worth ALOT - selling it would be a good business decision - though it would suck for enthusiasts. ost rides there depend on the terrain and cannot be moved.
Hercules Posted June 25, 2006 Posted June 25, 2006 If anyone wants to sign my petition to get Magic Mountain burnt to the ground, email me.
waterviper Posted June 25, 2006 Posted June 25, 2006 If saying something bad to someone wasn't a cause for reprimand or being banned I would say a few words about now!
alpengeist04 Posted June 25, 2006 Posted June 25, 2006 Kumba9 and ECZenith, nice try guys. But it's a losing battle at this point, they're just not listening or reading.
okinawaboy11 Posted June 25, 2006 Posted June 25, 2006 People, why would they JUST build Tatsu and then sell that park? IT DOESNT MAKE SENSE! You people crack me up.
waterviper Posted June 25, 2006 Posted June 25, 2006 There are those that care and there are those who just dont give a f**k!!! For those that care who like to take precautions just in case and like to be prepared....we are doing something about it and nothing in this world is going to stop the driving forces of it! So yes it is a losing battle!
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