Next To Go

[Coaster Justin]

Six Flags Supposedly Might sell off 2-3 more parks to raise Capital. I just want to hear everyones opinions on what they may be.


Here is the Full List

Six Flags Over Texas
Six Flags Over Georgia
Six Flags St. Louis
Six Flags Great Adventure
Six Flags Great America
Six Flags Fiesta Texas
Six Flags Discovery Kingdom
Six Flags New England
The Great Escape
Six Flags New Orleans
Six Flags Hurricane Harbor California
Six Flags Hurricane Harbor Texas
Six Flags Hurricane Harbor New Jersey
Six Flags Magic Mountain
Six Flags America
Six Flags Kentucky Kingdom
American Adventures
Six Flags Mexico
La Ronde
Six Flags White Water Atlanta



And I see them selling
Six Flags Magic Mountain (Will Cost more to change the park then sell to a company)
Six Flags Hurricane Harbor California
Six Flags America (Declining attendance, high land Value)
Six Flags Kentucky Kingdom (Landlocked, Lower value for the Company, Superman)
American Adventures (Easy One to sell)
Six Flags Mexico (I don't think Six Flags Remembers that they have this park)
La Ronde (Unflagged and easy to sell)
Six Flags White Water Atlanta (Easy one to sell)


So what parks do you think are next to be sold?

[cycamps]

I'd have to say SF Kentucky Kingdom, America, and La Ronde

Six Flags Mexico (I don't think Six Flags Remembers that they have this park)

That was hilarious.

[Galvan]

SF only manages Kentucky Kingdom, the land is owned by the Convention Center that is adjacent to the park so obviously SFKK isnt going anywhere.

[Coaster Justin]

I'm not saying to sell it for land. I'm saying sell it as a park. Herschend or PARC Management would be good owners in my book.

[Colonel Mustard]

I can see st. louis suddenly having a new owner...

I can also see a large real estate company building new developments for the families moving back to NE after the hurricane snatching up the land that the twisted remains of SFNO stand on...

[cycamps]

Speaking of SFNO, has any settlement came became the city and Six Flags yet?

[FParker185]

SF has said repeatedly they will not reopen SFNO. City basically says SF is on time paying the lease so they really dont care.

[cycamps]

I realize that SF is big time in debt, but would it be feasible to re-open the park to make a profit?

[Coaster Justin]

Maybe a 1 in 2.9 Billion chance of reopening but only if NO attendance improves to at least back to normal.

How about if they relocate the working stuff more north to a new site? According to Wikipedia.org they say

It has been stated that the park would most likely have been more profitable had it been built somewhere on the westbank or in Metairie, as these places are a shorter distance from some tourist districts but more so because they are closer to affluent population centers and are historically safer areas from crime.


I don't see Six Flags selling St. Louis as Shapiro has put in some massive Capital in the park. Also, it was one of the Original 3 Parks that Six Flags built up from Ground Level.

[DominatorDude05]

^ I was about to say: St Louis was one of the three original Six Flags Parks.

[FParker185]

SFNO always had disappointing attendance, one of the reasons SF has no interest in even trying to reopen it.

[Trailblazer Tony]

Well, using common sense here, i'm sure Shapiro knew they would be selling a park or two in the future, and obviously, he wouldn't really put much effort into those parks. He has been seriously neglecting Six Flags over Georgia and Six Flags America since his reign has started. Don't give me the "they've added Thomas Town crap", he hasn't put in much effort towards those parks in comparison to what he has done with the others. People say he'll sell SFMM, then why is putting forth so much effort into fixing it up? People say that SFNO is the next to go, I'd like to argue that it's already gone....

He has three waterparks in California (which is the state of fun in the sun), but i can't imagine they do anything but add a little revenue for the company so they seem kind of useless to sell. As for American Adventures and Great Escape, considering they are smaller parks, they aren't doing so bad and really wouldn't help the company to sell them. Finally, when it comes to parks out of the country, i think Shapiro's statement about expanding the business outside of the USA would mean that these two would be staying.

Overall, given their lack of substantial additions and their crime status (that issue in the parking lot of SFOG and the rather ghettoish area of SFA) and the fact that bad area = unsafe for families (Shapiro's target audience), my thinking is that SFOG and SFA are next to go....

[Coaster Justin]

Here are a few things:


- I think he's fixing Magic Mountain up to raise the value of the park for a sell
- He said that Six Flags Over Georgia and Great Escape were 2 of his 6 favorite parks (The Others were SFOT, SFGAm, SFFT, and SFNE)
- They sold 2 of the 3 waterparks in California


As Opposed to Starting International Again I think they should go to

- Area near Shanghai, China
- Area near Seoul, South Korea

[Galvan]

^ NO!! For the umpteenth time, NO!! Six Flags is in no position to build/buy or run international operations.

For the love of god, make this international Six Flags stuff stop!


SFOG the next to go? Since when? SFOG is one of the best parks in the chain, Why in the hell would they get rid of it?

[RagingBullFan]

The only way anything could happen internationally would be to license the Six Flags name. They have no money to run/open any parks.

They have $2 Billion in debt, and their credit ratings are B3 (Aka JUNK) which means they really can't borrow more money and are considered high risk to default on their loans.

[Coaster Justin]

Galvan Look at this:

Six Flags also says it is in talks to open theme parks in the Middle East, India and East Asia, and may consider selling two or three existing parks to raise capital. It will introduce eight new roller coasters at existing parks this year.


Here's the link to Prove it.

http://washington.bizjournals.com/washi ... ily38.html

Someone Even Posted This with Six Flags Trimming 60M from its budget.

[ttd rox]

I'd have to say SF Kentucky Kingdom, America, and La Ronde

Six Flags Mexico (I don't think Six Flags Remembers that they have this park)

That was hilarious.

I have to agree! Mine is SFKK, America, and American Adv.

[Galvan]

CoasterBoy, Im telling you to look at this:

The only way anything could happen internationally would be to license the Six Flags name. They have no money to run/open any parks.

They have $2 Billion in debt, and their credit ratings are B3 (Aka JUNK) which means they really can't borrow more money and are considered high risk to default on their loans.

Answer = Not a chance in hell

[Chitown]

Six Flags cannot sell SFOG because they don't own it. It is owned by numerous investors including the family of Angus Wynne (founder of Six Flags).

Same holds true for SFOT.

[RagingBullFan]

Combine that with the best selling price you could get for any park is about 10x earnings.

The best park in the chain (no suprise) is usually SFGAm....

This puts SFGAm's selling price at $500 Million or so.

So all Six Flags has to do is clone SFGAm 4x over then they are out of debt.

Oh too bad they don't have 4 parks that perform as well as SFGAm and this would most likely be the last park they'd try to sell since it actually makes money....

[ttd rox]

SFGAm does very well. On eof the best parks if not the best not even just money wise either.

[Trailblazer Tony]

The only way anything could happen internationally would be to license the Six Flags name. They have no money to run/open any parks.

They have $2 Billion in debt, and their credit ratings are B3 (Aka JUNK) which means they really can't borrow more money and are considered high risk to default on their loans.

Well that's funny, i could have sworn that Six Flags Mexico was out of the nation.....so if this is true (which i'm sure it is) then how the hell could they keep the park running still? And as far as i'm concerned, the source coaster boy posted is the only solid source posted here even referencing possible expansion out of this country. For all those who like to jump the gun and overreact to my comment, I'm sorry for believing a source rather than something i have no knowledge of.....

Chitown, i was unaware of Six Flags not entirely owning SFOG, but i guess my question would be why the lack of attention? Or for that matter, since Six Flags obviously puts money towards the park, why CAN'T they drop the park? It's dropping involvement, not selling it off....

To the comment made about raising the value of SFMM, I think Psyclone, X, and Freefall (despite their conditions/ride quality) being taken down and the park only gaining a Children's area would not be ideal for raising park value.

[DominatorDude05]

How is adding a $20 Million roller coaster "lack of attention?" Goliath is a great addition to that park in my opinion.

[Coaster Justin]

Trailblazer tony

- Premier Parks Owned Six Flags Mexico in 1998-1999 or so as Reino Adventura and just flagged it in 2000.

Btw TTD Rox

- I googled Mt. Olympus Planet.com and got nothing.

[RagingBullFan]

Tony,

I'm only talking expansion of International operations, I wasn't including current international operations (You can also include LaRonde in that group).

I do believe if a agreement is made regarding other international parks it would be in regards to either licensing of Six Flags trademarks and branding, or operations only with financial backing coming from a outside source. Six Flags currently does not have the money to build or purchase a park on their own.