Several Cedar Fair theme parks — including Cedar Point and Knott's Berry Farm — just posted announcements to their social media accounts that they "hope to open in Mid-May or as soon thereafter as possible."
"We believe this decision is in the best interest of our associates, our guests, and our communities," the statements said.
All major theme parks around the United States (and pretty much the world) have closed in an effort to slow the spread of Covid-19. Theme park companies' stock prices have dived during this shutdown, although Cedar Fair has recovered a bit since hitting a low of $13 on Wednesday. It is currently trading above $18, although that's far down from the $37.58 it traded at just two weeks ago.
State and local government orders are giving parks little option but to extend their closures. The State of California yesterday ordered residents to stay at home unless they worked in an essential public safety industry or needed to go out for food or medicine. That order is in place until future notice and would prevent the state's theme parks from reopening until it is lifted.
That order would apply to Cedar Fair's Knott's Berry Farm and California's Great America parks, as well as to Disneyland, Universal Studios Hollywood, Six Flags Magic Mountain and Discovery Kingdom, Legoland California and SeaWorld San Diego. Disneyland has posted operating hours starting April 1, but no one at this point actually expects those parks to reopen by then.
Knott's has said that it will extend season passes by the number of days that the park is closed, while Cedar Point and other parks have said that they will extend their operating calendar to make up days missed due to the closure as well as provide as-yet to-be-announced "added-value benefits" to their passholders.Tweet
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