Is Six Flags in So Cal closing? When? Why?

Question

Is Six Flags in So Cal closing? When? Why?

Answer 1

The Six Flags corporation is working to sell off several of their theme parks while the new "management" works to reverse the financial mess the former "management" created under Premier parks. Mark Shapiro, CEO, is aiming to turn the Six Flags parks into more family-friendly parks, and letting go of poor performing parks or those that are geared more toward thrill-seekers than families.



There was an article in the San Antonio Express News recently in which the paper interviewed Mr. Shapiro with regard to Fiesta Texas in San Antonio. The following is an excerpt from that article:



"It has already announced it's in talks with investors to sell six of its parks — Six Flags Darien Lake outside Buffalo, N.Y., Six Flags Waterworld in California, Six Flags Elitch Gardens in Denver, Wild Waves and Enchanted Village outside Seattle, Six Flags Splashtown in Houston, and SIX FLAGS MAGIC MOUNTAIN and HURRICANE HARBOR near Los Angeles.



Full article here: http://www.mysanantonio.com/business/stories/MYSA071406.1C.SixFlags.11667b2.html



Whether the park will be sold intact, to be run by another company, or whether it will be closed and cleared for other development remains to be seen. But either way, when that happens it will no longer be a Six Flags park.

Answer 2

Six Flags Magic Mountain is not closing for sure, but like somebody previously stated, the land value has skyrocketed, and Six Flags could be licking their chops at the pure cash they could make by selling the park. Since Six Flags went under new management, they have sold quite a few of their parks, and slowed down ride building dramatically. They have also increased ticket prices. Six Flags Magic Mountain has been a thorn in the side of the new management because it doesn't bring in any profit, but it has much sentimental value to the company because it was what the old ownership put the most money into and it claims to have to most roller coasters in the world with 17. However, one of these coasters (Flashback) hasn't operated for years, and several of them break down often. Six Flags is trying to come back from the gargantuan hole the old ownership put the company in, and selling Magic Mountain would be a giant step in the right direction for Six Flags.

Answer 3

The park will most likely be sold and remain a theme park.

Why? Even with the high land value, it would be very expensive to remove the existing hardware and infrastructure on the site. Every ride, building, pathway, elecrtical substation and parking lot would need to be removed. This is even before any rehab of the soil - if needed - could start.

This cost, along with the areas softening real estate market - not to mention the local resistance to additional housing developments should pretty much ensure some sort of theme park will be around. The reason Six flags couldnt turn a profit with the park is due to image and cost control issues.

Answer 4

Magic Mountain is definately closing. Rumor has it that it's because they need the land for homes and condos. Also I heard the upkeep for the rides far exceeds what they are bringing in, so it's not a profitable park anymore.



They haven't announced a closing date yet, but I bet they won't open in the Spring 2007.

Answer 5

It's been on the table for awhile... The land that Six Flags Magic Mountain and Hurricane Harbor is SKY rocketing in value, and it has been proposed to made into housing.



The article is here..... http://www.latimes.com/business/la-fi-sixflags19aug19,1,3893136.story?coll=la-headlines-business

Answer 6

i heard the same thing! apparently a bunch of real estate investors are making an offer to buy the property and build a buch of homes on it. thats the only bit ive heard, but id love to know whats really going on!

Answer 7

Not that I've heard. I know they shorten their hours in the Fall.

Answer 8

better not be that place is a classic that alot of people have a lot of good memories that would be terrible

Answer 9

I read that it is up for debate.

http://www.the-signal.com/?module=displaystory&story_id=31912&format=html

Answer 10

dont think so

Answer 11

what? really? I don't think so, lady!