Word is out that the days of Magic Mountain are numbered, I was told last week that it will close in 2007, however it seems that they are selling season tickets for next year, so it's demise may be a wee premature. Sad indeed if this is true, Darien Lake near Buffalo is definitely gone. Six Flags has been losing money for the past few years and they will need to sell some properties to stay out of bankruptcy.
Here is an article describing the situation:
Good-bye Magic Mountain? Six Flags puts six parks up for sale or closure
2006-06-22
By Robert Niles: Six Flags announced plans Thursday to sell or close six of its properties, including the chain's once-flagship park, Magic Mountain, in Valencia, Calif.
In a press release issued after the U.S. stock market closed Thursday, Six Flags announced that it would sell the properties, to either a single buyer or multiple buyers, or that it might sell or redeploy the properties' attractions, to clear the land for real estate sale.
The six parks on the block are Magic Mountain, Elitch Gardens in downtown Denver, Colorado, Darien Lake near Buffalo, New York, Wild Waves and Enchanted Village outside Seattle, Washington and the waterparks Six Flags Waterworld in Concord and Six Flags Splashdown in Houston.
Long-time TPI readers are familiar with our coverage of Six Flags' financial struggles, and we predicted some of the parks would be going back in January. With Paramount Parks already selling out to Cedar Fair, one wonders what company will be able and willing to mount a bid to purchase the Six Flags parks. Real estate sales, alas, seem the most likely result for most of the parks. Magic Mountain, obviously, is the most viable park among the six, but Cedar Fair already has a Southern California park, in Buena Park's Knott's Berry Farm. The land underneath Magic Mountain would be worth many millions, even in SoCal's stalled real estate market, if no theme park company is willing to add this roller coaster haven to its portfolio.
2 comments:
It's closing? How sad, indeed. And they're going to possibly tear it down and put in houses? What a shame, I guess. I'm sad to hear about Darien Lake also. We had a good time there, eh?
Honestly, this doesn't ruin my day.
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