Cedar Fair CEO confirms interest in buying Kings Island
It's a busy day here at TPI....
Cedar Fair has confirmed that it is interested in making a bid on at least one of the up-for-sale Paramount theme parks. The Toledo Blade absolutely buries the lead, yet gets Cedar Fair CEO Dick Kinzel on the record expressing interest in buying Kings Island from Paramount.
That would give Cedar Fair three parks in Ohio, flagship Cedar Point, Kings Island and the recently purchased (from Six Flags) Geauga Lake.
[Update: It's official now.]
I think this would be a risky move for Cedar Fair because then they would own all the major parks in Ohio and they would really be competing against themselves. That to me is as stupid as building a Wal-mart across the street from another Wal-mart.
I read the following comment on another site, and I agree. There are one of two things going on here. Dick Kinzel is either fishing for opinion, or he is setting the table for something bigger. I have heard that the sale of the Paramount Parks is final...to whom no one knows yet. I've also heard that the parks were not sold as a whole, but separate. Then again, I would not put it past Cedar Fair to grab all of them. Think about what the Paramount chain means to any of the companies in the industry. Two of the parks represent 7 million in attendance, (Kings Island and Canada's Wonderland) which is huge in the seasonal business...not to mention Cedar Point's main competition. Another one is surrounded by large markets (King's Dominion), and represents a great oppurtunity despite heavy competition. Carowinds is the only player for miles, residing in Charlotte...another large market, and Great America...well, at least it's in California.
This article has been archived and is no longer accepting comments.