Kentucky Kingdom Tries To Ride Out Slump

[GADVwow]

Also a lot of Six Flags background info in this article, along with the effects of the Superman: Tower of Power accident:

...Halfway through opening day, Carm Carpenter of Grand Rapids, Mich., took a break from riding roller coasters with her two kids near one of the food stands. The 47-year-old said she drove to Louisville, passing the larger Kings Island amusement park in Ohio on the way, partly because Kentucky Kingdom's prices were lower. She wasn't worried about the pending bankruptcy and said the family's visit was a success.

"It doesn't scare me, because I know that the credit thing is all funky right now," Carpenter said of the company's financial struggles. "If they're still open, they're going to treat people the same."

http://www.courier-journal.com/article/20090503/BUSINESS/90502047/1003/Ky.+Kingdom+tries+to+ride+out+slump+

[nitrorox1414]

Isn't six flags going bankrupt?

[rjholla2003]

If it does (Still deciding) it would be Chapter 11 bankruptcy protection, not Chapter 7 bankruptcy, which is what Circuit City just did.  Big difference.  Not that Ch. 11 is pleasant, but it will allow the parks to operate as normal and pay their vendors while restructuring their debts.  Of course I'm over-simplifying at the moment, but don't fear the parks shutting down or anything like that.

[GADVwow]

What chapter of bankruptcy a bankrupt ends up in is not solely within the discretion of the bankrupt.  Creditors can and often do prevail when attempting to force a liquidation.  Many a bankrupt has filed in one chapter, only to end up in another.

[WadeJ]

Something tells me there is some sort or poison pill arrangement somewhere that we don't know about or they would have worked this out already   but on a positive note, something really horrible and drastic would have to occur for the parks to close.

[chilled182]

Hey, if we go under, maybe Cedar Fair will buy us and rename is just, Great Adventure again.

[GADVwow]

Cedar Fair will do well to keep from ending up in the same financial mess as Six Flags.  Many of the moves they have made in the past four years are oddly reminiscent of Gary Story's Six Flags.  Even down to Diamondback going in at Kings Island as El Toro did at Great Adventure, in a year when there was very little capital investment in other parks.

[darkridedan]

I'll be one of those who say I love the idea of Diamondback at KI. They have a great mine train, indoor launch coaster, flyer, and kiddie woodie...and Racer is fun too, but they also have lots of brutal and boring coasters. (It's an opinion.) I believed on my visit that they needed a big fun coaster and from a coaster enthusiast stand point, they needed a B&M. It's the only big park I've ever been to that did not have a B&M and the park felt like someting big was missing in the era of the modern coaster parks.

[Bubba Z]

Besides a B&M,  it was missing an ending to Adventure express and a yogi bear poster. IMHO.  I'm still missing a couple of credits there and I'm dying to go back now thanks to a little splash effect.