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BryanWood
Joined: May 2001
Posts: 4008
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This does not surprise me at all. Six Flags has went from a reputable chain to a joke in no time. I can remember when I was younger and saw some of the locations where Six Flags operated. I wished I would've had one in Ohio.
When that finally came to fruition, I couldn't wait for them to leave, and I'm glad they did.
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| 9/17/2004 2:07 PM |
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Coaster Freak
Joined: Jul 2001
Posts: 693
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Creative accounting rears its ugly head once again ;)
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| 9/17/2004 3:44 PM |
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meowcoaster1
Joined: Aug 2003
Posts: 5081
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Bryan Wood, that's rough.
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| 9/17/2004 5:55 PM |
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HPStormRunner22
Joined: Jun 2004
Posts: 1374
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Six Flags situation just gets worse and worse. I don't think they'll make it through the decade.
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| 9/17/2004 6:07 PM |
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BryanWood
Joined: May 2001
Posts: 4008
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Meowcoaster: Yes, it is rough, but they were ruining a wonderful, charming and fun park that I had grown up with. The new rides were welcome, but they way they ran SFWoA disgusted me.
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| 9/17/2004 6:31 PM |
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JumboJet
Joined: Jul 2001
Posts: 45
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Oh Six Flags...it's just a matter of time. Did I mention that I've cursed them? I will see their destruction, possibly even sooner than I had planned!
They are a cancer. They ruin everything they touch. Arrow Dynamics might still be alive today if not for their evil work.
They are too big and too greedy. They don't properly train their employees and they don't give a damn about customer service.
I once had a really bad experience at WOA. I won't bore you with the details, but I wrote a very polite letter to WOA about the experience and got no response. So, after a month or so, I wrote one to Kieran Burke himself.
I got two free tickets. Two free tickets with some form letter. I didn't want free tickets. I wanted an appology. I wanted answers to my questions. But they don't care about customer service. I gave the tickets away. Two free tickets to go back and experience the same problems all over again did not sound like a good idea to me.
They are evil, pure and simple.
Under Burke's leadership, Six Flags has been swamped by a sea of red ink and buried under $2 billion in outstanding debt. The company's stock has fallen 80% and it's only getting worse...thank God.
How great will it be when they go under and Cedar Fair and a bunch of smaller, local companies that really care about the areas buy up all those parks.
By the way, I've been reluctant to return to that park now that it's Geauga Lake again. Is it any better?
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| 9/18/2004 2:33 PM |
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bgwfreak
Joined: Sep 2001
Posts: 11180
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Can we say tax fraud?
I hope this turns out to be false, but it wouldn't surprise me if it was true that SFI was trying to cheat the government.
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| 9/19/2004 7:13 AM |
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TopThrillDouger
Joined: Jun 2004
Posts: 78
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I wonder if they are trying to portray the accounting disaster that Enron did several years ago?
At least the park is in better hands now, in my opinion anyway. :)
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| 9/19/2004 5:36 PM |
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5150
Joined: Jul 2004
Posts: 364
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Oh those poor schools. (That was sarcasm) That tax money didn't go anywhere else?? Why did they just mention schools?
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| 9/20/2004 9:20 PM |
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JumboJet
Joined: Jul 2001
Posts: 45
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That wasn't sarcasm 5150...it was stupidity. Not much on current events I guess, huh?
There's a school funding crisis in Ohio right now. Our current system has been ruled unconstitutional and is failing all around us. Programs are being cut like never before. Some of the wealthy districts that pass all of their levys are not yet feeling the biggest part of the crunch, but it's coming for all of them.
The other reason they mentioned the schools is because they're the ones that get most of your taxes. I don't know exactly what they get in that county, but it's probably like 60% of the take.
Oh those poor schools?...No...poor everyone. You may not feel the effect right now, but down the road, we all suffer when our children don't learn. The whole country will suffer.
But...what the heck. You got YOUR education already right? So, the hell with everyone else. They don't need current text books or band or choir or art or computer classes! Let 'em go to private school...right?
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| 9/20/2004 11:29 PM |
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More about Finance
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.