This thread is simple! Rather than having a million little threads about everything that goes on at Six Flags' many properties, this thread is designed to consolidate it all into one user-friendly thread. Feel free to use it to post updates, trip reports, questions, comments, and of course, general discussion. For pictures and videos of the company's many properties as well as past updates, see TPR's Park Index.
Time to hear the rumors again on X-park being paved over.
It's good news and bad news, but I'm glad they did it. Since I was a stock holder, I lost my investment, but at least the company will emerge without the massive debt load. It is also good that they do not plan to close any of the parks, not raise prices, and continue what they have been doing the past few years. It is also really good that 2011 will still see all the major additions added.
Not playing Devil's Advocate here, but what's the absolute worse thing that could happen to some of Six Flags' premiere parks like GA or MM?
Sell the park to another theme park operator? That theme park operator make radical changes to the parks? I wouldn't like the latter. I am someone afraid for my home park though. I didn't like when they were on the brink of selling it to some real estate developers, etc in 2006. Overall, this article makes me feel uneasy and apprehensive at the end of the day though.
Eh, but I sure hope Six Flags emerges strong. I like them to continue to manage most of the parks under their belt. I like the direction they've taken for parks like MM, but they need to change along with unloading this debt.
It is quite sad that they have had to finally declare it but it was kind of inevitable. I think it has been thought it would happen for a while. I am sure that Six Flags will continue to run far into the future. I don't think they are anywhere near dead. Much potential still to come.
GivenOneChance wrote:Not playing Devil's Advocate here, but what's the absolute worse thing that could happen to some of Six Flags' premiere parks like GA or MM?
Why would they sell two of their profitable parks?
Filing for Chapter 11 allows a corporation to restructure their debts in order to make them more managable. Shapiro is taking the right steps. He's inherited a total mess from the previous management, and this had to be done. Chapter 11 is nothing new, corporations have done it before and come out stronger. It has to do with strong leadership, which I believe SF has, as witnessed by the positive changes over the past few years.
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