Loading…
Friday, August 01, 2014
Current Weather
Loading Current Weather....
Published: Friday, 11/4/2005

Cedar Fair plans $58M outlay in '06

SANDUSKY - Cedar Fair LP, owner of Cedar Point in Sandusky and 11 other amusement parks or water parks, said this week it will spend $58 million on improvements for 2006, including a new world-class roller coaster at Worlds of Fun in Kansas City, Mo., and new thrill rides at Cedar Point and Valleyfair park near Minneapolis-St. Paul.

Other capital expenditures will include the first sit-down restaurant at the Michigan's Adventure park near Muskegon.

The company said average per-person spending at its parks rose 2 percent and combined attendance at all of its parks increased 1 percent for the third quarter of the year. Out-of-park revenues, including resort hotels, rose 10 percent.

Through the first nine months this year, the company said, it had a 1 percent decline in attendance, a 3 percent increase in per-person spending at the parks, and a 14 percent jump in out-of-park revenues.



Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.