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.
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