Jun 15, 2009


All your roller coaster fanatics in the Northeast, your heart may hurt after reading this.

Six Flags Inc has declared bankruptcy as of Saturday after the company had been trying to clear their multi-billion dollar debt without having to go to court.

What may have lead to this??? Blame the recession.

Or you can blame the new management that took over the company in 2005. The new team began to restructure the parks, had New Yorkers and New Jersey people saving their Coke cans to get in free or half priced, sold ten parks, laid off 300 employees and added more costumed characters to the park, banned smoking and tried to get more visitors by bringing back Mr. Six "the old man".

Six Flags's CEO Mark Shapiro said, “The current management team inherited a $2.4 billion debt load that cannot be sustained, particularly in these challenging financial markets."

See ya Six Flags. It was fun puking from your rides and spending hundreds of dollars to skip lines and buy food.

No comments:

Post a Comment