Six Flags Orlando?

[Mr Bill]

If they were to build a park in Central Florida, they would have to be prepared to actually put time, care, thought, and money into it or they'd be eaten alive before the park even opened.

 

[nibblesandbits]

If they were to build a park in Central Florida, they would have to be prepared to actually put time, care, thought, and money into it or they'd be eaten alive before the park even opened.

That is an understatement!!!

 

[sillyspook13]

All of the Six Flags managment teams, including Premeir Parks, have all but officially said that they are not looking to build parks. Premeir Parks might have bought something over there which could start such a rumor, but this would not be a Six Flags. It would more likely be a smaller venture or water park. It might also be a resort-type peroperty.

And, yes, Six Flags aren't well run at all. I live near Great America (or used to), and that is considered one of their flagship parks. It's fine for what it is, but it certainly is no Disney.

Supposedly they bought the old Boardwalk and Baseball in Haines City, though recent rumor puts the park in St. Cloud.

To add to the list of parks formerly not owned by Six Flags: Six Flags White Water (Marietta, GA)- Formerly White Water. If I'm not mistaken, the quality and popularity of this park has actually improved since Six Flags took over.

 

[wdwjmp239]

Six Flags can't afford what it has and has not built a new park since the early 1970s.

Six Flags was supposed to build a park in Cape Coral, FL (Southwest Florida near Fort Myers). But, I believe Six Flags pulled out due to demographics (not enough surrounding business, seasonal influx of tourists, permanent number of residents). Right now, there's a lot in Cape Coral that's been cleared out for Six Flags that will be used for something else (maybe a mall).

 

[speck76]

Six Flags did own a waterpark in S Florida called Atlantis........sold it around the time of hurricane Andrew ( I think it was detroyed during Andrew too)

 

[wdwishes2005]

Six Flags did own a waterpark in S Florida called Atlantis........sold it around the time of hurricane Andrew ( I think it was detroyed during Andrew too)

wow, thats ironic.. btw what the eck does this have to do with WDW Parks General Discussion?

 

[speck76]

Above all, the below statement is why Six Flags will not be building an Orlando park anytime in the future.

WE HAVE A HISTORY OF NET LOSSES AND EXPECT TO CONTINUE TO EXPERIENCE NET LOSSES. CONSEQUENTLY, WE MAY NOT HAVE THE ABILITY TO IMPLEMENT OUR STRATEGY FOR ACHIEVING GROWTH AND OTHERWISE FINANCE FUTURE OPERATIONS.

We have had a history of net losses and expect to continue to report net losses for the next several years. Our net losses are principally attributable to insufficient revenue to cover our relatively high percentage of fixed costs, the interest costs on our debt and our depreciation expense. We expect that these expenses will remain significant. We reported net losses of $52.0 million, $58.1 million, $105.7 million, $61.7 million and $464.8 million (which included a $287.6 million loss from discontinued operations) for the years ended December 31, 2000, 2001, 2002, 2003 and 2004. Continued losses could reduce our cash available from operations to service our indebtedness, as well as limit our ability to implement our strategy for achieving growth and otherwise finance our operations in the future.

And no, they do not own any property in Florida (and it does not look like they could afford any either)

ITEM 2. PROPERTIES

Set forth below is a brief description of our material real estate at March 1, 2005:

Six Flags America, Largo, Maryland — 515 acres (fee ownership)
Six Flags AstroWorld, Houston, Texas — 99 acres (fee ownership)
Six Flags Darien Lake, Darien Center, New York — 980 acres (fee ownership)
Six Flags Elitch Gardens, Denver, Colorado - 67 acres (fee ownership)
Six Flags Fiesta Texas, San Antonio, Texas — 206 acres (fee ownership)
Six Flags Great Adventure, Hurricane Harbor & Wild Safari, Jackson, New Jersey — 2,200 acres (fee ownership)
Six Flags Great America, Gurnee, Illinois — 300 acres (fee ownership)
Six Flags Hurricane Harbor, Arlington, Texas — 47 acres (fee ownership)
Six Flags Hurricane Harbor, Valencia, California — 12 acres (fee ownership)
Six Flags Kentucky Kingdom, Louisville, Kentucky — 58 acres (fee ownership and leasehold interest)(1)
Six Flags Magic Mountain, Valencia, California — 260 acres (fee ownership)
Six Flags Marine World, Vallejo, California — 138 acres (long-term leasehold interest at nominal rent)
Six Flags Mexico, Mexico City, Mexico - 107 acres (occupied pursuant to concession agreement)(2)
Six Flags New England, Agawam, Massachusetts — 230 acres (substantially all fee ownership)
Six Flags New Orleans, New Orleans, Louisiana — 206 acres (fee ownership and leasehold interest)(3)
Six Flags Over Georgia, Atlanta, Georgia - 280 acres (leasehold interest)(4)
Six Flags Over Texas, Arlington, Texas - 200 acres (leasehold interest)(4)
Six Flags Splashtown, Spring, Texas - 60 acres (fee ownership)
Six Flags St. Louis, Eureka, Missouri — 497 acres (fee ownership)
Six Flags Waterworld USA/Concord, Concord, California — 21 acres (leasehold interest)(5)
Six Flags Waterworld USA/Sacramento, Sacramento, California — 14 acres (leasehold interest)(6)
Six Flags White Water Atlanta, Marietta, Georgia — 69 acres (fee ownership)(7)
Enchanted Village and Wild Waves, Seattle, Washington — 65 acres (leasehold interest)(8)
Frontier City, Oklahoma City, Oklahoma — 109 acres (fee ownership)
La Ronde, Montreal, Canada — 146 acres (leasehold interest)(9)
The Great Escape, Lake George, New York — 357 acres (fee ownership)
White Water Bay, Oklahoma City, Oklahoma — 22 acres (fee ownership)
Wyandot Lake, Columbus, Ohio — 18 acres (leasehold interest)(10)





(1) Approximately 38 acres are leased under ground leases with terms (including renewal options) expiring between 2021 and 2049, with the balance owned by us.
(2) The concession agreement is with the Federal District of Mexico City. The agreement expires in 2017.
(3) The site on which the park is located is leased from the Industrial Development Board of the City of New Orleans. The lease expires in 2077. We own a separate parcel of 66 acres.
(4) Lessor is the limited partner of the partnership that owns the park. The Six Flags Over Georgia and Six Flags Over Texas leases expire in 2027 and 2028, respectively, at which time we have the option to acquire all of the interests in the respective lessor that we have not previously acquired.
(5) The site is leased from the City of Concord. The lease expires in 2025 and we have five five-year renewal options.
(6) The site is leased from the California Exposition and State Fair. The lease expires in 2015 and, subject to the satisfaction of certain conditions, may be renewed by us for an additional ten-year term.
(7) Owned by the partnership that operates Six Flags Over Georgia.
(8) The site is leased from the prior owner. The base term of the lease expires in 2030 and we have renewal options covering an additional 46 years.
(9) The site is leased from the City of Montreal. The lease expires in 2065.
(10) The site is subleased from the Columbus Zoo. The lease expires in 2005 and we have renewal options with an aggregate 3 year term. Acreage for this site does not include approximately 30 acres of parking which is shared with the Columbus Zoo.

We have granted to our lenders under our $1.0 billion credit facility a mortgage on substantially all of our United States properties.

In addition to the foregoing, we lease office space and a limited number of rides and attractions at our parks. See Note 12 to Notes to Consolidated Financial Statements.

We consider our properties to be well-maintained, in good condition and adequate for their present uses and business requirements.

 

[donsullivan]

Supposedly they bought the old Boardwalk and Baseball in Haines City, though recent rumor puts the park in St. Cloud....

This one was floating around close to 5 years ago. The rumor at the time is that they had bought a large plot of land on the east side of St. Cloud but nothing ever seemed to come of it.

 

[nyfrenchy]

Actually, the list of Six Flags acquisitions is quite long. Just some that I know:

Great America itself (the other Great America was bought by Paramount), Jazzland in New ORleans, Fronteir City near Oklahoma City, Elich Gardens in Colorado, Geuaga Lake near Cleveland (since been sold off to Cedar Fair after it flopped under Six Flags' management), Marine World in California, and I'm sure there are more (it's late).

I'd add to your list "La Ronde" in Montreal... Worst park I have ever been.