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Author Topic: Six Flags Seeks Bankruptcy  (Read 3732 times)

Offline Mike M

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Six Flags Seeks Bankruptcy
« 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
« Last Edit: June 13, 2009, 11:23:30 PM by Mike M »
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Offline toxictwister00

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Re: Six Flags Seeks Bankruptcy
« Reply #1 on: June 13, 2009, 11:26:09 PM »
Quote from: 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


From what I heard on the news here, all 20 Six Flags won't be closing.
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Offline TWCToday

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Re: Six Flags Seeks Bankruptcy
« Reply #2 on: June 13, 2009, 11:32:29 PM »
Little surprising to me but i doubt any locations would shut down
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Offline Gil

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Re: Six Flags Seeks Bankruptcy
« Reply #3 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).
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Offline Localonthe8s

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Re: Six Flags Seeks Bankruptcy
« Reply #4 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.
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Offline Al

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Re: Six Flags Seeks Bankruptcy
« Reply #5 on: June 14, 2009, 12:57:54 PM »
Quote from: 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.

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.
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Offline Mike M

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Re: Six Flags Seeks Bankruptcy
« Reply #6 on: June 14, 2009, 01:06:28 PM »
Quote from: 20AL09 on June 14, 2009, 12:57:54 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:
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Offline Gil

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Re: Six Flags Seeks Bankruptcy
« Reply #7 on: June 14, 2009, 01:54:57 PM »
Quote from: Mike M on June 14, 2009, 01:06:28 PM
They aren't owned by Chrysler, they're privately owned.  :dunno:
Yes and No.
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Offline Spring Rubber

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Re: Six Flags Seeks Bankruptcy
« Reply #8 on: June 14, 2009, 06:43:44 PM »
They withdraw their right to operate as a Chrysler dealership, which effectively shuts down the dealership.
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Offline wstarcraze

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Re: Six Flags Seeks Bankruptcy
« Reply #9 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)
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Offline Localonthe8s

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Re: Six Flags Seeks Bankruptcy
« Reply #10 on: June 16, 2009, 11:51:29 AM »
Quote from: WeatherSTAR3000fan 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)
no, what happened?
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Offline wstarcraze

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Re: Six Flags Seeks Bankruptcy
« Reply #11 on: June 16, 2009, 12:02:36 PM »
Quote from: Localonthe8s on June 16, 2009, 11:51:29 AM
Quote from: WeatherSTAR3000fan 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)
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.  :(
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