Six Flags Over Texas leaves Six Flags chain, joins Premier

Six Flags Over Texas leaves Six Flags chain, joins Premier

Post by WhizzerM » Sat, 11 Oct 1997 04:00:00


Quote:
>  The loss will leave
>Six Flags Theme Parks Inc. as the second-largest regional theme park
>operator (with 11 parks) after Premier Parks, with 13.  SFOT will be
>the new flagship park of the Premier chain, and Six Flags Theme Parks
>loses their original and flagship park, the "heart and soul" of their
>chain.

My God, this is sick...  How can they loose their original park?  Whatever
 happened to "It all Started with the dream of one man.......Angus Wynn decided
 to build a theme park of his own, and Six Flags over Texas was born..."  It's
 like selling your oldest child!  Someone once said on a discovery/Tlc special
 that when a park sells its' carousel, they face impending doom..its the heart
 and soul of the park... SFOT is the heart and soul of SF, what does this mean?
  And i am NOT happy about premier taking charge, either.  I don't want to see
 any more parks be turned into a premier clone park.  They buy parks and add
 the same stuff to them, they are all going to be the same eventually. That
 will be a lot of fun to go to..
At least dot something new, or different, for a change, besides MindEraser in a
 new color scheme..   You know that the High and Mightys' from SF read this
 group, I want to hear from them.  Only because I can find no reason for this.
 Please offer me some insight.
Josh                                                      

Save The Whizzer Foundation    
"Ride the WHIZZER!"
 
 
 

Six Flags Over Texas leaves Six Flags chain, joins Premier

Post by David O'Conno » Sat, 11 Oct 1997 04:00:00



Quote:
> It's being reported here in Dallas that Six Flags Over Texas is
> leaving the Six Flags chain as of December 31st.  The loss will leave
> Six Flags Theme Parks Inc. as the second-largest regional theme park
> operator (with 11 parks) after Premier Parks, with 13.  SFOT will be
> the new flagship park of the Premier chain, and Six Flags Theme Parks
> loses their original and flagship park, the "heart and soul" of their
> chain.

I have a hard time believing that Six Flags will give up its first theme
park. However, if they do, will SFOT retain the right to the Six Flags name
since it was the first Six Flags? Or will Premier change the name to Texas:
The Great Escape? Think of the Six Flags TV videos. "The name comes from
the six flags flown over Texas. Oilman Angus Wynne started up a big park
down near Dallas, but we don't own it any more."

Dave
***Coasters-http://SportToday.org/~doconnor

 
 
 

Six Flags Over Texas leaves Six Flags chain, joins Premier

Post by Alan Reynol » Sat, 11 Oct 1997 04:00:00

Check out todays Ft. Worth Star Telegram article linked from
my page.

   http://www.io.com/~alanr/sfot.html

--
|~~    |~~    |~~     SIX FLAGS OVER TEXAS - Former Employee page
|~~|~~ |~~|~~ |~~|~~  SIX FLAGS OVER TEXAS - Gone, but not forgotton Rides


 
 
 

Six Flags Over Texas leaves Six Flags chain, joins Premier

Post by Mike Robinso » Sat, 11 Oct 1997 04:00:00

They will have the rights to the name until 2009.

I am still stunned by this news.  It is still to early to speculate on what
changes will occur IMHO.  I do believe that major changes are inevitable.

Does anybody know how ownership works.  Who paid for the Mr.. Freeze ride?
Did the investors pay for this or Six Flags Corp.?

Mike

Quote:



>> It's being reported here in Dallas that Six Flags Over Texas is
>> leaving the Six Flags chain as of December 31st.  The loss will leave
>> Six Flags Theme Parks Inc. as the second-largest regional theme park
>> operator (with 11 parks) after Premier Parks, with 13.  SFOT will be
>> the new flagship park of the Premier chain, and Six Flags Theme Parks
>> loses their original and flagship park, the "heart and soul" of their
>> chain.

>I have a hard time believing that Six Flags will give up its first theme
>park. However, if they do, will SFOT retain the right to the Six Flags name
>since it was the first Six Flags? Or will Premier change the name to Texas:
>The Great Escape? Think of the Six Flags TV videos. "The name comes from
>the six flags flown over Texas. Oilman Angus Wynne started up a big park
>down near Dallas, but we don't own it any more."

>Dave
>***Coasters-http://SportToday.org/~doconnor

 
 
 

Six Flags Over Texas leaves Six Flags chain, joins Premier

Post by Coaster » Mon, 13 Oct 1997 04:00:00

If Six Flags over Texas is bought by Premier, than what will they call it?
 "Over Texas"?

 
 
 

Six Flags Over Texas leaves Six Flags chain, joins Premier

Post by ACEer » Thu, 16 Oct 1997 04:00:00

Quote:
>Subject: Six Flags Over Texas leaves Six Flags chain, joins Premier

>Date: Fri, Oct 10, 1997 09:27 EDT

>It's being reported here in Dallas that Six Flags Over Texas is
>leaving the Six Flags chain as of December 31st.  The loss will leave
>Six Flags Theme Parks Inc. as the second-largest regional theme park
>operator (with 11 parks) after Premier Parks, with 13.  SFOT will be
>the new flagship park of the Premier chain, and Six Flags Theme Parks
>loses their original and flagship park, the "heart and soul" of their
>chain.

<snipomatic>

  HOLY UPSTOPS! :-O I have never heard such ODDDDDDDDDD news as this. And, in
 sight of that, it almost seems unreal, you know? SFoT, not SFoT? You really do
 wonder what will happen after the SF name rights are gone. Texas Kingdom?
 Texas Gardens?  Texas Lake? Heeeeeeere we go..... Mr. Freeze will NO DOUBT
 become MindEraser. It's rather obvious, when you think about it.
  Am I the only one who feels odd about Premier? I have to admit I'm a little
 nervous, since the big Cedar Fair shake-up is heading our way and with Premier
 purchasing such a large park, are they perhaps trying to posture a way into
 being "big enough" to try a CP takeover? I'm rather sure that business will
 remain as much as normal at CF throughout the year.
   But with PP buying every park in sight recently, and even hopping over into
 the dominating SF line, you wonder: What's next?
  IMHO, if Premier ever got their hands on CP in anyway, we'd be in
 t-r-o-u-b-l-e. Nothing against them, but I just don't think they'd know how to
 keep Cedar Point, Cedar Point.

  Speaking of SF, what is with? Are they going down the toilet? SF always seems
 to be doing terrific attendance-wise, and yet retains a feeling of
 destitution. Premier might do well at SFoT, because they are a pure park
 institution. When a conglomerate takes over, without being purely-park, things
 may go downhill. Premier does parks, and nothing else. They at least would be
 more knowledgeable in the industry than, say, Marriot ;-)

  Bah. It's times like this that I wish I could go back to the days of
 innocence, when you found out about CP's new ride when they announced it; you
 heard no rumors and you didn't think about a new ride until it was built. Or
 when if a park changed hands, you read it, went "Hm!" and went on with your
 day. The name "Premier Parks" made no difference; it might as well be
 Whuppie's Widgets. Of course, that time in my life lasted for five minutes
 back on a May afternoon in 1984....... ;-D j/k

Feeling like Gemini's blue train on a 40 degree day,
backseat~cp~

 
 
 

Six Flags Over Texas leaves Six Flags chain, joins Premier

Post by Jared Dutto » Thu, 16 Oct 1997 04:00:00

    I am a little disappointed by the fact that SFOT has been purchased by Premier
Parks and Six Flags hasn't tried to shell out more "dough" to get a contract for
their "Flagship" park.  Six Flags Over Texas, the first Six Flags park.  I mean,
Six Flags Over Georgia, and Six Flags St. Louis, the other two originals, are still
in the chain.  From what I've heard on the newsgroups about Riverside: The Great
Escape, Premier Parks isn't exactly the greatest management.  I've been to Frontier
City in Oklahoma City.  It's a nice small theme park, but the guest services there
is nowhere near as good as Six Flags.  As a former employee and a guest of Six
Flags Over Texas, I have always heard about how much better guest services from
Disney is (yes, I believe it.)  But I'm telling you IMHO, Six Flags has better
guest services than Premier Parks (from what I've heard with R:TGE and Frontier
City).
   And another thing, I hope that PP doesn't install a Vekoma SLC there.  And if
they do, I hope it is an ORIGINAL design.  Sure Six Flags had Batman: The Ride and
all except one were the same, but at least B&M had different designs.  Basically,
if you ride one Vekoma SLC, you've ridden them all.  The end.
   I also hope that Six Flags Theme Parks finds a way (a loop hole of sorts) to at
least have a joint ownershilp again of SFOT.  PLEASE!!!!

Robert

 
 
 

Six Flags Over Texas leaves Six Flags chain, joins Premier

Post by Gordon E. Peterson » Fri, 17 Oct 1997 04:00:00



Quote:
>    I am a little disappointed by the fact that SFOT has been purchased by Premier
>Parks and Six Flags hasn't tried to shell out more "dough" to get a contract for
>their "Flagship" park.  

I suspect that they envisioned another long hassle, going right down
to the wire and finally signing on December 31st, as happened last
year in Georgia.  I think it came as a shock to SFTP Inc. that they
actually lost SFOT.  Perhaps it's something of the independent and
rebellious Texas spirit that SFTP Inc hadn't counted on.  :-)

Quote:
>Six Flags Over Texas, the first Six Flags park.  I mean,
>Six Flags Over Georgia, and Six Flags St. Louis, the other two originals, are still
>in the chain.  

That's true, although the owners of SFOG probably would have left last
year if they'd felt they had a viable alternative.  They also went
through a long and probably unpleasant negotiation with SFTP Inc.
before signing at the last minute.  Apparently SFTP felt they had the
owners of the park over a barrel, and was doing the same kind of
negotiating here with the owners of SFOT.

Quote:
>From what I've heard on the newsgroups about Riverside: The Great
>Escape, Premier Parks isn't exactly the greatest management.  I've been to Frontier
>City in Oklahoma City.  It's a nice small theme park, but the guest services there
>is nowhere near as good as Six Flags.  

Good management involves more than just "guest services".  It also
involves good (while non-Gestapo-like) security, efficient management
of parking lots, proper selection and pricing of food and drink and
souvenir items, maintaining the "feel" and themeing of the park, good
groundskeeping and overall maintenance, investment in new attractions
and other improvements, and much more.

Quote:
>As a former employee and a guest of Six
>Flags Over Texas, I have always heard about how much better guest services from
>Disney is (yes, I believe it.)  

Yes, you should... it's certainly true.

Quote:
>But I'm telling you IMHO, Six Flags has better
>guest services than Premier Parks (from what I've heard with R:TGE and Frontier
>City).

I don't think it's totally fair to expect services at much smaller
parks to be the equal of those at much larger parks.  SFOT, which will
be the new flagship of Premier, ought to have substantially better
quality than at the smaller parks.

Quote:
>   And another thing, I hope that PP doesn't install a Vekoma SLC there.  And if
>they do, I hope it is an ORIGINAL design.  Sure Six Flags had Batman: The Ride and
>all except one were the same, but at least B&M had different designs.  Basically,
>if you ride one Vekoma SLC, you've ridden them all.  The end.

Sure.  But the Flashback at SFOT (a Vekoma Boomerang) is a
cookie-cutter ride (there are more than 30 of them worldwide, I think)
and it's still an excellent ride.  Good rides don't all have to be
unique.

Quote:
>   I also hope that Six Flags Theme Parks finds a way (a loop hole of sorts) to at
>least have a joint ownershilp again of SFOT.  PLEASE!!!!

Actually, I'll be glad to see them gone.  I think that some of their
quite shocking unresponsiveness and behavior I've seen from them
during the last six to eight months (particularly given my role as
maintaining the Mr. Freeze Web site) are inexcusable.  I think the new
management will be probably a considerable [opportunity at least for]
improvement.  I'm actually afraid that the new management company will
keep too much of the deadwood, thus continuing some of the bad
policies that the park has already been running under.

Gordon Peterson
http://www.computek.net/public/gep2/
Support the Anti-SPAM Amendment!  Join at http://www.cauce.org/

 
 
 

Six Flags Over Texas leaves Six Flags chain, joins Premier

Post by Runaway » Sun, 19 Oct 1997 04:00:00

Quote:

>  Am I the only one who feels odd about Premier? I have to admit I'm a little
> nervous, since the big Cedar Fair shake-up is heading our way and with
>Premier
> purchasing such a large park, are they perhaps trying to posture a way into
> being "big enough" to try a CP takeover? I'm rather sure that business will
> remain as much as normal at CF throughout the year.
>   But with PP buying every park in sight recently, and even hopping over
>into
> the dominating SF line, you wonder: What's next?

<user gulps>
WHAT Cedar Fair shake-up?  This is the first I've heard of this.  Why would CF
 need any kind of reorganization, assuming I'm on track here <user begins to
 tremble slightly>.  Especially considering their continued park improvements
 (SF at DP, Mamba at WoF, Daryl's Power Towers).  It was reported on the news
 here that a widespread rumor involving SFTP purchase of VF was unsubstantiated
 and causing considerable problems for the park's 1998 corporate events
 scheduling.  Is something going here on that I'm not aware of?
 <user is getting all worked up>
Now I'm a person who's very open to change, but I must say I've been extremely
 happy with CF's management style and I can't see any possible benefit from a
 shake-up of any sort.   Growing up near WoF and now at VF I have seen both
 parks elude the  cookie cutter mentality and instead continue to grow as
 beautiful parks with different rides and very individual personalities.  And
 while I really have no major beef with other corporate parks I have to say I'm
 very happy to call these two unique parks my home. <user's bottom lip begins
 to quiver>  I would hate to see that successful management style put in
 jeopardy.  Please help ease a troubled mind.

Needlessly worrying,

RunawayMT

 
 
 

Six Flags Over Texas leaves Six Flags chain, joins Premier

Post by Joe Schwar » Sun, 19 Oct 1997 04:00:00

Quote:

> WHAT Cedar Fair shake-up?  This is the first I've heard of this.  Why would CF
>  need any kind of reorganization, assuming I'm on track here <user begins to
>  tremble slightly>.

Cedar Fair LP is a publicly traded limited partnership, not a corporation.
This lets them pass their taxes on to their shareholders.  Or something
like that.  I'm not a tax lawyer, but I've owned shares of a publicly
traded partnership -- it's no picnic at tax time.

Anyway, the tax law that allows this tax shifting was going to expire at
the end of this year, so Cedar Fair LP would have probably changed into
Cedar Fair Inc.  But Congress renewed the tax law, so no change is needed.

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Six Flags Over Texas leaves Six Flags chain, joins Premier

Post by Andy Scheur » Sun, 19 Oct 1997 04:00:00

: > WHAT Cedar Fair shake-up?  This is the first I've heard of this.  Why would CF
: >  need any kind of reorganization, assuming I'm on track here <user begins to
: >  tremble slightly>.

: Cedar Fair LP is a publicly traded limited partnership, not a corporation.
: This lets them pass their taxes on to their shareholders.  Or something
: like that.  I'm not a tax lawyer, but I've owned shares of a publicly
: traded partnership -- it's no picnic at tax time.

: Anyway, the tax law that allows this tax shifting was going to expire at
: the end of this year, so Cedar Fair LP would have probably changed into
: Cedar Fair Inc.  But Congress renewed the tax law, so no change is needed.

Actually, I have an AP article that's not directly related to LP's but
about CF.  It bascially says that CF will stay a LP, with very little
change in they way they operate.  But, I'm not sure, let me dig it up and
report on it later :-).

: ------------------------------------------------------------------

:    Come visit the Joyrides web site (http://SportToday.org/),
: a photo gallery celebrating the joy and beauty of amu***t rides!
--
Andy Scheurer
Editor
The Track
http://SportToday.org/

 
 
 

Six Flags Over Texas leaves Six Flags chain, joins Premier

Post by Runaway » Mon, 20 Oct 1997 04:00:00

RunawayMT thanks you and will be spending the day counting his blessings!

Quote:

>: Cedar Fair LP is a publicly traded limited partnership, not a corporation.
>: This lets them pass their taxes on to their shareholders.  Or something
>: like that.  I'm not a tax lawyer, but I've owned shares of a publicly
>: traded partnership -- it's no picnic at tax time.

>: Anyway, the tax law that allows this tax shifting was going to expire at
>: the end of this year, so Cedar Fair LP would have probably changed into
>: Cedar Fair Inc.  But Congress renewed the tax law, so no change is needed.

 
 
 

Six Flags Over Texas leaves Six Flags chain, joins Premier

Post by DennisR3 » Thu, 23 Oct 1997 04:00:00

CF  can remain a Master Limited Partnership because of the new law just passed
 but they will pay a 3.5% income tax.  A master limited partnership protects
 against a takeover in that you can own as much stock in the place as you want
 but you get no say in how it is run or who runs it.  I know I own CF units but
 never get a proxy. It is a pain at tax time but CF sends you everything you
 need to complete the tax form, albeit not as early in the year as many would
 like.  This thread came about because of the Premier buyout of Six Flags over
 Texas.  I don't know what all the complaining about is as if Astroworld and
 Fiesta Texas are any indication anything is an imporvement over the way parks
 are run by Six Flags.

Dennis

Dennis