I looked over the forum and didn't see this, so please forgive me just in case I missed the original thread.
From the Daily Republic
http://www.dailyrepublic.com/articles/2 ... /biz01.txt
Six Flags Vallejo bucks trend, makes bucks
By Christine Cubé
VALLEJO - It appears the rollercoaster ride of low revenue and the possible sale of Six Flags Inc. has no effect on attendance at Six Flags Marine World in Vallejo.
That's because the theme park expects to see a boost in operational profit at the close of its 2005 season, according to the University of the Pacific Business Forecasting Center.
Six Flags Marine World is an exception to the current situation of the struggling theme park company, which posted a $177.3 million loss from operations nationwide last year.
In fact, the Vallejo park will be up $5 million compared with the 2004 season with revenue of about $59 million this year, said the Business Forecasting Center, which received its information from park officials.
Six Flags Marine World kept mum about the center's findings. Historically, Six Flags officials are shy to discuss specifics to financial or visitation figures.
"I can't comment on (the center's) material," Marine World spokesman Paul Garcia said. "It's our policy not to speak on the financial earnings of the park."
If the center is accurate, Vallejo's share could be $2.4 million.
Mark Mazzaferro, public information officer with the city, said Vallejo receives 20 percent of the season profit from Six Flags Marine World. The park hosts about 2 million visitors annually.
"We're averaging about $2 million a year from the park," Mazzaferro said. "Historically, the park has always been pretty profitable.
"It reflects a good, regional theme park, where you ride a ride and learn something at the same time. You go to Paramount's Great America, ride a rollercoaster, shake hands with Yogi and go home. At Six Flags, you can pet a manta ray - there's a whole lot of education. Compared to the typical theme park, it's not typical by any means."
Six Flags began running the park in the late 1990s. The city owns the park and the funds go directly into Vallejo's general fund.
Six Flags Inc. (NYSE: PKS), which has corporate offices in New York and Oklahoma and 30 North American theme parks, began the discussion to sell itself to the right buyer in August. It came as a result of the largest shareholder Dan Snyder, owner of the Washington Redskins football franchise, seeking changes to Six Flags' management by proposing an ambitious plan to acquire a bigger stake in the company.
The season at Six Flags Marine World ends this month.
The park now is celebrating a month-long Halloween promotion called Fright Fest, which includes haunted mazes, live shows, costume parades and pumpkin carving.
So far it's been a hit with the locals.
"We had some good numbers this weekend," Garcia said. "We've received many die-hard fans of Halloween."
Reach Christine Cubé at 427-6934 or email@example.com