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Posted at 9:33 AM EST (1433 GMT)
 Mar. 2nd, 2005 --
It appears that Six Flags is returning to the bargaining table to purchase Six Flags Marine World, only months after they said they would need at least another five years to negotiate such a deal.
The Vallejo city council held a closed session Tuesday to discuss the terms of such a sale. The planning commission is then expected to vote on updating the paperwork for a sale on March 7. The city-owned park is currently managed by Six Flags, Inc., with an option to purchase the park.
The park's sale could fetch $52 million. While they currently share in the profit, it appears that the city will continue to get a cut of the ticket sales to the tune of $750,000. For more, visit The Reporter.com.
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meowcoaster1
Joined: Aug 2003
Posts: 5081
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So it's called an SF park, but SF doesn't own it? I dont get it.
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| 3/2/2005 9:36 AM |
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sfne stinks
Joined: Sep 2001
Posts: 10777
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I think it worked how CS at the MOA worked.. CedarFair ran it... but it wasnt owned by them?
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| 3/2/2005 2:09 PM |
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EastCoastn07
Joined: Jan 2004
Posts: 3555
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The city owns the park...But Six Flags runs it for them. It's confusing but that's how it is. Six Flags has never officially bought the park, they just transformed it from Marine World Africa USA.
BTW, this is ongoing news...They were pushing for this months ago. It's not really new news.
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| 3/2/2005 2:44 PM |
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slnewbus
Joined: Aug 2003
Posts: 1652
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Perhaps six flags leased the park, and now they are going to buy it.
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| 3/2/2005 4:10 PM |
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coasterlove
Joined: May 2001
Posts: 6446
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If Six Flags buys the park, why does Vallejo still get $750,000 in ticket sales? That sure does work out nicely for the city. They get the money for selling the park but then still also get a cut of the profit. Nice deal if you can get it, I guess.
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| 3/3/2005 2:33 AM |
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EastCoastn07
Joined: Jan 2004
Posts: 3555
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I guess instead of paying a tax to the city, they'll give them a cut of the ticket prices...
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| 3/3/2005 3:43 PM |
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Wes
Joined: Sep 2001
Posts: 11169
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I love it...
We don't want to buy it and can't afford it for the next 5 years...
Oh heck, let's buy it!!!
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| 3/4/2005 6:02 AM |
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