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Six Flags Darien Lake (SFDL) Discussion Thread


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Great job, coasterkid! Viper in purple and black actually looks pretty cool. The red and green of Mind Eraser reminds me of Christmas. Maybe change to dark orange track and dark green supports?

 

Your wish is granted! I personally like this combo myself.

 

[attachment=0]me2.png[/attachment]

 

The green wouldn't go any darker, so i messed with the opacity to bring in some of the darker teal color. If you notice the sky looks more orange, it's because it is. I dyed the background to paint the track easier. If I took my time, I could've painted each rail and tie, but that would have taken about a week. At least we get to see what the combination would basically look like.

 

You should seriously consider sending that picture to the park. ME could use a paint job that's more unique and isn't as close to the colors of ROS. The coaster is in the parking lot so it is one of the first rides that guests see and it should pop. If they actually see what it would look like it might get some wheels turning. Very cool, thanks for making them!

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You know what other park is larger and could use a B&M capable of 3 train operation? Six Flags Magic Mountain.

Hopefully all NY amusement parks can open next season.

Most importantly, we'd have Moose on the Loose in December!

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Yes, thanks for doing those as they are very cool. My only ask is to not do red as we already have two red coasters and need to change those very bad. I thought the purple on viper looked awesome. I am thinking one of the current red coaster should turn blue.

 

On a similar note, you should rent out your services to parks to show them what their coasters would look like after being painted. If you charged $100 per picture, and each coaster took 5-10 pictures to make a decision you could make some decent extra money

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It's something that I've thought of but i really have a busy schedule right now between work and other projects at home. Even if I showed these to management, I'm sure that they wouldn't give me anything for it or really care. They would probably reply with the usual "Thank you, we'll submit these tithe creative department". I imagine that things are a little hectic at the park now that the season is over and all this ownership business is going on.

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Here are my suggested color schemes for Mind Eraser and Ride of Steel

 

Mind Eraser

.Teal (track) and black (supports)

.Green (track) and tan (supports)

.Orange (track) and yellow (supports)

.Purple (track) and gray (supports)

 

Ride of Steel

.Gray (track) and red (supports)

.Yellow (track) and teal (supports)

.Orange and (track) and teal (supports)

.Black (track) and rusty red (supports)

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From a new countdown timer on the website's homepage the 2015 opening day has been announced. It will be May 9th. This is the same weekend the park has opened recently - the second weekend of May.

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Really? they just closed for the year and they already are giving a countdown until opening day next year? Maybe if they gave us something good to look forward to next year I would be excited for opening day next year. Until then I will be there next year, just not opening weekend unless something major. Hanges between now and then

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I don't know if anyone has seen this yet...

 

CNL Lifestyle Properties issued a statement back on September 12th describing how they had signed a deal in June 2014 to sell off their entirely portfolio of golf properties, and were looking into the best opportunities to “explore liquidity strategies, our focus will remain on seeking attractive exit alternatives for the remainder of our property portfolio.”

In other words, it looks like CNL Lifestyle Properties will be seeking to sell off their many Ski Resorts, Senior Housing projects, Marinas and their Theme Park / Water Park attractions. With that in mind, it almost seems doubtful that CNL would bother to invest in new capital additions for the 2015 at any of their properties. This list includes Darien lake, Elitch Gardens, Frontier City, Magic Springs, Wild Waves as well as the Wet ‘n’ Wild waterparks in CA, AZ, TX and Hawaii.

Currently CNL hired outside management companies with experience in the theme park industry to run most of these parks, so I guess the question is if they would considering selling them individually to these management groups, or if they are going to try and group them together for a single group purchase instead.

 

via screamscape.com

Edited by zach2012
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^That quote is from screamscape (always best to source the info).

 

Here's a full article about the situation, but it you have to register (for free) to read it: http://www.investmentnews.com/article/20140911/FREE/140919984/-2-7b-nontraded-reit-plans-sale-or-listing

 

Here's CNL's latest quarterly earnings as well: http://www.cnllifestylereit.com/core/fileparse.php/472/urlt/CLP-Announces-Second-Quarter-2014-Results.pdf

 

Doesn't sound like their portfolio is panning out, but their attractions are doing pretty well. They bought too many golf courses and ski resorts. The golf courses are on a downward trend nationally, and ski resorts struggle during the off-season.

 

It sounds like they're in more of a hurry to get rid of the golf courses first thing, there's no mention yet of selling the parks. I hope Premier scoops up Frontier City and HFEC gets DL though.

 

Here's a quote from the SEC filing (http://www.sec.gov/Archives/edgar/data/1261159/000119312514336782/d786049dex991.htm):

Our equity offering was completed on April 9, 2011. In March 2014, we engaged Jefferies LLC, a leading global investment banking and advisory firm, to assist management and our board of directors in evaluating various strategic alternatives to provide liquidity to our shareholders. Consistent with this strategy, in June 2014, we signed a purchase and sale agreement to sell our golf portfolio to a third-party buyer, and we expect to complete the sale by the end of 2014. As we continue to explore liquidity strategies, our focus will remain on seeking attractive exit alternatives for the remainder of our property portfolio.
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Its not they are performing bad. The golf and ski properties had a rough year due to weather. Their status as a REIT was only chartered through 2015. Basically they have two options by the end of 2015.

 

When they say "liquidity" it means two things:

1). Sell off all the properties.

2). File an IPO and become a publicly traded company.

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The information regarding the liquidation of the REIT was discussed a few pages back. The investment portfolio has reached its maturity, which basically means its time to repay the investors of the portfolio. As Thedarkmaxim said, there was two ways they could have done that, and it appears they choose the first option he listed.

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With all this "liquidity" thing that CNL is doing, what does it mean for Darien Lake, is it going to be put for sale again?

 

They could simply offer it to Herschend and then Herschend buys the park. CNL may not want a "huge" news report about the park being up for sale but instead have a "quiet" sale.

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Yes CNL may just quietly sell DL to HFE, but in reality the park will be put up for sale. The reality may be that there is only one option but it will be put up for sale. I still stick to previous statements to say that HFE ownership will be the best thing for the park in the long run.

 

On the flip side with the park up for sale possibly, I would not expect CNL to be investing heavily in the park...meaning no new rides next year. The best thing would be to have the sale to HFE now, so at least they could get a new flat in place for next year at least.

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The information regarding the liquidation of the REIT was discussed a few pages back. The investment portfolio has reached its maturity, which basically means its time to repay the investors of the portfolio. As Thedarkmaxim said, there was two ways they could have done that, and it appears they choose the first option he listed.

 

Not necessarily. CNL is still buying properties. Its possible they just decided they didn't want the golf resorts.

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No more Herschand after this Sunday sadly. They were a very good group of management and it was awesome to have them around. Things ran much more smoothly than past years. Hopefully the next group can do just as well. It's rumored to be premiere managing the park now.

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No more Herschand after this Sunday sadly. They were a very good group of management and it was awesome to have them around. Things ran much more smoothly than past years. Hopefully the next group can do just as well. It's rumored to be premiere managing the park now.

Are you able to reveal your source?

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Can't really believe Wikipedia but someone posted this

On October 26, 2014, Herschend Family Entertainment's management of the park ends and on Monday the 27th, Premier Parks, LLC management begins. This was announced to employees at the park on Tuesday October 21,2014
If this is true it isnt very good news for the park itself, it seems that CNL will hold the park for at least another year and that Herschend wont be purchasing it. Anyway people can start a petition for CNl to sell the park and stop sucking all the money it can get from it?
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This doesn't look too well. Premier is a very small company and hasn't really handled a project this big before. I can't judge them until we actually see what they bring, but this is truly sad news.

 

So does this mean that we have no chance at all that Herschend will buy the park? Is there a possibility that next year they will or did they leave because they didn't want it anymore?

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I don't pretend to know what direction HFEC wants to go, but IMO they've put too much effort into DL just to drop it. Premier isn't going to buy all of CNL's parks, and I don't know who else will. If I had to hazard a guess right now I'd say they're still doing a dance. If HFEC really is leaving the contract then it's probably just so that they'll be in a better position to make deals.

 

I mean, back in 2009 wasn't HFEC trying to buy multiple Six Flags properties? The only reason they didn't buy Elitch, Frontier City, and Darien Lake outright back then was because SF wanted to sell them as a package deal with a bunch of other stuff, if I recall correctly.

 

Then again, this is a chain that sunk tens of millions of dollars into a big piece of Branson property and then just gave up on it completely after 5 years because it was performing just under expectations. They also gave up on their waterpark at Stone Mountain after purchasing all the equipment for it...

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^As I said in a thread about CNL, what has already been sunk into Darien Lake doesn't matter towards the future of the park. HFE will never get back however many millions they have sunk into the park. Just because they have pumped a lot of money into the park doesn't make HFE automatically obligated to keep on investing into it. The fact is, HFE would be nuts to overpay for Darien Lake based on the fact they already put money into the park. That money will never be returned back to HFE. This is basic finance.

 

Unless HFE can realistically see a positive return on their investment based on what they want to pay for the park and what investment is required in the FUTURE to make the park viable, they are not going to bite on purchasing the property. HFE has no more leverage than any other potential buyer as their past investments mean nothing in the bidding and negotiation process of CNL liquidating assets. The company that sees the most potential return on investment and offers the right price will come out with Darien Lake. It could be HFE, Premier, Cedar Fair, Six Flags, Palace Entertainment, the homeless guy off the street, anyone.

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Oh I agree completely on the financial aspect, I'm still just betting that HFEC will go for it and probably win.

 

But maybe we should just keep the sale discussion to the other thread, we're already getting into a split discussion here.

 

Anyone been watching attendance levels lately? How has their Halloween event been working out? It sounded like DL's was a little subdued from what I read earlier. Meanwhile every other park I've seen is milking Halloween for all it's worth.

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I haven't visited the park at all for the Halloween event, but it was from what I've heard a lot smaller than normal. The attendance levels weren't too good either. It seems like the park only did the event because they had to or practically nobody would visit.

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