KDCOASTERFAN Posted August 26, 2011 Share Posted August 26, 2011 Luck has nothing to do with it. In 2005 (before they sold DL, EG, closed AW, etc.) Six Flags said SFGAm, SFGAdv, SFOT, and SFMM brought in 25% of all their revenues. That's huge when you consider they were running nearly 30 properties at the time! Putting their capital in those parks wasn't what put Six Flags in bankruptcy. Buying parks like SFA (and overpaying for many of them), and then turning around and dumping 5 coasters in a 3 year span is what ran up their debt. No,the problem was that Premier parks(the original owners of SFA,DL,KK,EG,GL etc). made the mistake of buying six flags from time warner.At the time Premier parks' specialty was buying under financed smaller amusement parks & reinvesting in them to turn them around....they did just that with the former wild world(now SFA) when they bought the place in 92 by adding the rides & attractions that the previous owner couldn't afford to install,heck the park had already been closed for a whole year & was facing demolition when Premier stepped in to save it. Six flags didn't wait long enough to see an ROI on the newly flagged parks...DL got treated worse than we did as all they got of major significance was their ROS coaster while parks like SFA & SFWOA recieved only two years more worth of investments than they did but after that the investments stopped & the attendance fell as a result I mean why do you think I stopped going after the 07 season when a boring waterslide was announced for 08?Had premier NEVER aqquired six flags & kept SFA as Adventure world the park would probably be way better than it is now but of course that didn't happen. Link to comment Share on other sites More sharing options...
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