Worlds of Fun is the latest amusement park to go on the block
Written by Robert Niles
Cedar Fair announced today in a press release that it is putting two more of its amusement parks up for sale: Kansas City's Worlds of Fun and Minnesota's ValleyFair.Tweet
The amusement park chain previously had put Santa Clara's California's Great America up for sale (it has been trying to sell the park to the San Francisco 49ers for land for a new stadium, though that deal is going nowhere). The chain's also been trying to sell the old Geauga Lake amusement park.
Cedar Fair blew its cash and took on a huge debt burden when it bought the former Paramount Parks from CBS for $1.24 billion in 2006. Like Six Flags before it, Cedar Fair's learning that taking on debt to expand in boom times comes back to haunt you when the economy goes bad.
This article has been archived and is no longer accepting comments.
Previous article: Disney announces ambitious 'green' environment goals for its theme parks
Top U.S. Theme Parks
Walt Disney World's Magic Kingdom
Other Top International Parks
Features, News and Advice
"Stories from a Theme Park Insider"
Stories from a Theme Park Insider
Stories from a Theme Park Insider offers a warm and often-funny look at what it's like to work inside the world's most popular theme park. It's a great read for theme park fans!