Great Adventure is pretty flat
Mikey wrote:
The loss of Six Flags would not necessarily mean the loss of rides. If forced to liquidate under Chapter 7, the parks would likely go to auction and be sold separately in whole as is where is. There are several companies that would be interested in acquiring those parks. Especially the ones serving the larger markets. I can only leave you with Astroworld as an prime example of why they aren't really at risk.
It cost a lot of money to demolish Astroworld, to gut and haul away all the structures and rides they didn't want to salvage. They had to terraform and level the ground, remove all the streets, foundations, and underground infrastructure down to three feet. All that work to try and make $~70M off the sale of the land. The only problem, the park had $65M worth of improvements and fixtures on it. Once everything was stripped off, the lot was worth next to nothing. Tack on the previously mentioned demolition cost and you just lost money.
Alright, you got me, makes sense, I still don't want it to happen, because I like the cheap season pass prices, but I see where you are coming from.