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Finance: Six Flags tax return under investigation

By BryanWood

Sep. 17th, 2004 -- Auditors for Geauga County in Ohio are raising questions over a tax return filed by Six Flags in 2003 before they sold Geauga Lake to Cedar Fair, LP. Six Flags claimed a 70 percent decrease in taxable property over just one year.

The park claims that they only had $3.8 million in personal taxable property and equipment in 2003. In 2002 they had $13.6 million. Auditors say this raises a quite a few questions over the filings. That decrease cost the government $1.1 million in 2003, $760,000 of that belonging to the Kenston Local School District in Geauga County.

For more information, see: The Cleveland Plain Dealer