TWC Today Forums

Other => General Discussion => Topic started by: Mike M on June 13, 2009, 11:21:59 PM

Title: Six Flags Seeks Bankruptcy
Post by: Mike M on June 13, 2009, 11:21:59 PM
As previously speculated, Six Flags has filed for Chapter 11 bankruptcy protection today, having a reported $1.8 billion in debt. I hope Great Adventure, located a bit to my north, doesn't shut down. It's a popular destination for many schools here.

Full story:
http://abcnews.go.com/Business/wireStory?id=7831651 (http://abcnews.go.com/Business/wireStory?id=7831651)
Title: Re: Six Flags Seeks Bankruptcy
Post by: toxictwister00 on June 13, 2009, 11:26:09 PM
As previously speculated, Six Flags has filed for Chapter 11 bankruptcy protection today, having a reported $1.8 billion in debt. I hope Great Adventure, located a bit to my north, doesn't shut down. It's a popular destination for many schools here.

Full story:
[url]http://abcnews.go.com/Business/wireStory?id=7831651[/url] ([url]http://abcnews.go.com/Business/wireStory?id=7831651[/url])


From what I heard on the news here, all 20 Six Flags won't be closing.
Title: Re: Six Flags Seeks Bankruptcy
Post by: TWCToday on June 13, 2009, 11:32:29 PM
Little surprising to me but i doubt any locations would shut down
Title: Re: Six Flags Seeks Bankruptcy
Post by: Gil on June 14, 2009, 12:01:13 AM
Not surprising to me. Those places are *Expensive*, though I've never been to one (not an amusement park person).
Title: Re: Six Flags Seeks Bankruptcy
Post by: Localonthe8s on June 14, 2009, 11:51:15 AM
I doubt Great Adventure will be gone. It is after all the chief and largest Six Flags park.
Title: Re: Six Flags Seeks Bankruptcy
Post by: Al on June 14, 2009, 12:57:54 PM
I doubt Great Adventure will be gone. It is after all the chief and largest Six Flags park.

yeah, but in these economic times even the best of the parks can be asked to cease operations...take chrysler for example, they're closing the best selling dealerships.

yeah, completely irrelevant from each other...but things like that happen.

the article does state all six flag parks will not be affected, so i suppose that's a good thing for now.
Title: Re: Six Flags Seeks Bankruptcy
Post by: Mike M on June 14, 2009, 01:06:28 PM
yeah, but in these economic times even the best of the parks can be asked to cease operations...take chrysler for example, they're closing the best selling dealerships.
I've always wondered how Chrysler is able to close their dealerships. They aren't owned by Chrysler, they're privately owned.  :dunno:
Title: Re: Six Flags Seeks Bankruptcy
Post by: Gil on June 14, 2009, 01:54:57 PM
They aren't owned by Chrysler, they're privately owned.  :dunno:
Yes and No.
Title: Re: Six Flags Seeks Bankruptcy
Post by: Spring Rubber on June 14, 2009, 06:43:44 PM
They withdraw their right to operate as a Chrysler dealership, which effectively shuts down the dealership.
Title: Re: Six Flags Seeks Bankruptcy
Post by: wstarcraze on June 16, 2009, 11:13:44 AM
Speaking of Amusement parks did any of you hear about what happened to Americana Amusement park in Ohio. (I know it happened a while ago but I thought i would bring it up)
Title: Re: Six Flags Seeks Bankruptcy
Post by: Localonthe8s on June 16, 2009, 11:51:29 AM
Speaking of Amusement parks did any of you hear about what happened to Americana Amusement park in Ohio. (I know it happened a while ago but I thought i would bring it up)
no, what happened?
Title: Re: Six Flags Seeks Bankruptcy
Post by: wstarcraze on June 16, 2009, 12:02:36 PM
Speaking of Amusement parks did any of you hear about what happened to Americana Amusement park in Ohio. (I know it happened a while ago but I thought i would bring it up)
no, what happened?

Due to increased competition and not a lot business. The park closed in I think the early 2000s. It briefly reopened in 2002 but closed again and so far is closed for good.  :(