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Kings Island (KI) Discussion Thread

p. 792 - Camp Cedar campground to open in 2021!

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If there is a gift shop I am not sure where it will be located. As of right now there is no new buildings except the station and shed visible on the webcams. Also there was a blueprint image going around a few weeks ago which showed the line and exit. The exit basically dumps you onto the exit for the train. There is a very small new kiosk which I assume to be for photos. There is still a lot of work going on so it is possible a gift shop will pop up last minute, but I doubt it.

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Although I'm not all in with what Eugene says, I understand at least some of his points. The idea of holding off on a major investment to save for a larger investment is easy to understand from a completely common sense financial point of view. *example* If I don't go out for a hamburger today, next week I will have enough to go out for steak. From someone who is pretty good with money, I get that and I'm on board with it. However, I'm sure what Cedar Fair has to work with is much more complex than what anyone outside of the box, or amusement park industry in general, can really understand. The bottom line is we're not in the know. We're just your run of the mill armchair quarterbacks. Even those of us who have great insight to the professional financial world are not keen to the inner workings of this particular corporation.

If the burger you buy this week prevents you from going hungry until you can afford the steak, would you still skip it?

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Some people probably think you should have gotten the chicken, or salad instead. You probably could have survived on vegetables, too. But if the burger makes sense now, and you feel you need to eat anyway, maybe it's not such a bad idea. You could still have plans for steak next week, too.

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The problem I see in some of these "expert" opinions.

(The $ I am using a purely speculative)

 

Saving the cost of Mystic Timbers and building a bigger coaster next year. In a typical year Kings Island needs to spend $1MM-$3MM for a big flat and every 3rd or 4th year they seem to get additional funds for a bigger coaster. In the past few cycles, every 3rd or 4th year they had an incremental $10MM-$12MM (for Diamondback and Banshee) but CF is decreasing yearly CapEx spending, therefore they were given only an incremental $5MM (and the park went with Mystic Timbers.) So KI had $8MM to spend for 2017, if they buy any they is an assumption that they will get another $2M next year, and $2MM the following year, and $2M the next year and then $8 the next year, so it is going to be 4 more years with no new big rides, before they can build that $20MM coaster. I think would hurt sales from the locals.

 

The second problem with this approach: that is not how business works. The parks get a budget to spend each year, if you don't spend your budget it is gone, you can't easily roll it into next year. And next year's budget is set based on the current year, so understanding your budget means you will get a smaller piece of the pie in the following year.

 

It is never going to be a situation that Kings Island has too much of something, unless that something is the same as Cedar Point. Cedar Fair doesn't just want the Kings Island locals the buy KI Passes, they want to sell Platinum Passes, along the same lines they don't want the locals from Cincinnati to ignore Kings Island in favor of Cedar Point (or even Kentucky Kingdom).

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I would actually be quite surprised if parks got to pick their new rides. I feel like as small as these chains are, the decisions for new rides would be made at a corporate level. I remember Dick Kinzel saying once that Patriot was sort of above and beyond what they'd have normally spent for a new attraction for Worlds of Fun back when it got added, which led me to believe that the decision to add it came from a higher level than the park. I'm sure GMs have input, and please correct me if I'm actually wrong on this, but I don't think that the decisions to build rides like Mystic Timbers, Banshee, or what have you, were made solely by KI people.

 

I'm sure they do have some sort of discretionary budget for certain things, but I would expect that budget to be for little more than general upkeep.

Edited by sirloindude
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but I don't think that the decisions to build rides like Mystic Timbers, Banshee, or what have you, were made solely by KI people.

 

This is how I think it works for Cedar Fair parks. Decisions are not made solely by the parks, but the parks have input.

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but I don't think that the decisions to build rides like Mystic Timbers, Banshee, or what have you, were made solely by KI people.

 

This is how I think it works for Cedar Fair parks. Decisions are not made solely by the parks, but the parks have input.

 

Yes. All parks in the company have a three-five year plan. For example, CP would be gatekeeper, Gemini midway, rougarou, valravn, and water park. Carowinds would be fury, waterpark, county fair. Robb decker is the VP of planning and design, so he plans everything for parks.

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I would actually be quite surprised if parks got to pick their new rides. I feel like as small as these chains are, the decisions for new rides would be made at a corporate level. I remember Dick Kinzel saying once that Patriot was sort of above and beyond what they'd have normally spent for a new attraction for Worlds of Fun back when it got added, which led me to believe that the decision to add it came from a higher level than the park. I'm sure GMs have input, and please correct me if I'm actually wrong on this, but I don't think that the decisions to build rides like Mystic Timbers, Banshee, or what have you, were made solely by KI people.

 

I'm sure they do have some sort of discretionary budget for certain things, but I would expect that budget to be for little more than general upkeep.

 

Disclaimer: This is just what I heard, this is not 100% fact as I'm not in corporate to know what goes on.

 

From my understanding the Cedar Fair parks choose what they want, put in a request to corporate where it then gets approved or denied. So most additions are ideas from within the specific parks management but ultimately corporate gives the final OK. I don't know how budgets are allocated. I would assume for Patriot at WOF they put in a request and made a good argument why they should get the budget for the ride.

Edited by JRice92
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^ Sounds similar to where I work.

 

Each "team" has an annual budget and the manager of each team has to attend (I used to be a "finance" team member so I got to attend a couple of these) an annual AOP (Annual Operating Plan) meeting around the beginning of Q4 to bring their team's budget proposal to the table for the following year. That budget proposal then goes in front of a council to see if the $$ amount gets approved or shot down - usually first at the facility (or park if you will) council and then on to a corporate council.

 

And yes, you better bring your big guns (as well as a sh%t-ton of good data) to the table if you are looking for a significant increase in $$ for spending. I assume that it's probably very similar to how these corporate chains would run their parks where each park would consist of a team that would bring their ideas to the park AOP meetings seeking approval and if it's approved by management there, then it would head to corporate to get the final approval (or denial).

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If there is a gift shop I am not sure where it will be located. As of right now there is no new buildings except the station and shed visible on the webcams. Also there was a blueprint image going around a few weeks ago which showed the line and exit. The exit basically dumps you onto the exit for the train. There is a very small new kiosk which I assume to be for photos. There is still a lot of work going on so it is possible a gift shop will pop up last minute, but I doubt it.

 

 

Maybe they will reuse the interior of the train depot building for a gift shop?

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Maybe they will reuse the interior of the train depot building for a gift shop?

It would be a good move to use that for a gift shop for Timbers souvenir's and possibly some new Train gear! but where would they put the coke freestyle that is in there right now, plus that's a pretty small space as it is right now.

 

 

New station pictures where released by the park today! It looks beautiful!!!!!!!

© KingsIslandPR on twitter.

2017-3-5-2.thumb.jpg.e1b00d4e2f4ad580d7865027feb5b942.jpg

2017-3-5.thumb.jpg.ffcb1d1ced36ab6de3ad718323d79b84.jpg

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Beautiful might be a stretch... looks just fine to me, though.

 

 

I was thinking the same thing. It looks okay, but I wouldn't really call it "beautiful!"

 

Regardless of how the station looks, I'm just glad that they are getting closer to getting finished!!

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