This isn't a big deal IMO.  You can't put land/parks on the market without a "Realtor".  I still don't see someone paying sticker price for the park in this market and I don't see Cedar Fair giving someone a discount.

...I don't see Cedar Fair giving someone a discount.

To some extent I agree.  However, if one company were to make an offer on two or all three parks then I could see CF coming down on their price some. 

My dream scenario (admittedly unlikely) is PARC finding a financial backer for WOF and VF and making a deal proposal to the 49ers.  PARC could offer CF something like 2o0 million for all the properties.  CGA would then be immediately sold to the 49ers while the other two would be sold to another investor and PARC would lease back and operate all three.  This strategy would help the 49ers get a better deal on CGA by essentially giving CF an all or nothing option making them more likely to sell the parks for less.

^No, not really.  Under this strategy it would be the 49ers and some other company (perhaps CNL?) making the investment of 200 million for purchasing the parks.  PARC would only be paying for minor licensing modifications, any cap ex expansions, and yearly lease payments.

It looks like CF has reduced it's debt load through the sale of the Canadian land.

http://www.cedarfair.com/ir/press_releases/index.cfm?current_root=15&mode=story&story_id=197

I wonder if this has any affect on WoF being for sale???  I'm surprised that we haven't seen any news on the CGA situation.  It sounded like the city wanted to get a quick jump on the stadium deal.

^Yea but because of the City of San Francisco, not because of CF.

Well it seems Screamscape is playing the Rumore mill Agin.   "Screamscape has heard a rumor that at least one potential buyer may have been sniffing around Worlds of Fun lately. Anyone know more?"
 Well not sure who has said this or who is interested

I'm guessing this is going to make it a little harder for the CGA deal to go through: http://www.mercurynews.com/news/ci_13617928

I'm not following.  Is this project going to stall the other stadium project?

That's what I was saying.  I think it has the possibility to mess that up since this is a done a deal and it's up to the teams (and the goverment) on who wants to move there. Since nothing seems to have moved forward on the CGA deal for a while this could be more attractive to the 49's.  And personally I can't see the Raiders moving back to LA.

So it seems as if the Jaguars and Rams are also at the top of the list.  The Rams are for sale and a SoCal buyer could make it a done deal.  And Jacksonville should even have a team (as is evident by their home crowds).

Whoops!  I almost always screw up shouldn't.

The few Jag's games that I've seen over the years seem to have the upper deck covered in a tarp.  The Ram's moving back to LA is an interesting idea. 

CEDAR FAIR COMMENCES OFFERING OF $500 MILLION SENIOR UNSECURED NOTES


SANDUSKY, OHIO, May 20, 2010 –  Cedar Fair Entertainment Company (NYSE: FUN), a leader in regional amusement parks, water parks and active entertainment, today announced its intention to offer its initial issuance of senior unsecured notes. The offering will be $500 million aggregate principal amount of senior unsecured notes due 2020 (the “Notes”) in a private placement, subject to market and other conditions. The Notes will be guaranteed by Cedar Fair’s wholly-owned subsidiaries.

 
As part of its overall refinancing plan, the Company is also launching the syndication of new senior secured credit facilities. The Company intends to use the net proceeds from the offering of the Notes, along with the new senior secured credit facilities, to repay in full all amounts outstanding under its existing credit facilities.
 
The Notes will be offered only to qualified institutional buyers under Rule 144A of the Securities Act of 1933, as amended (the “Securities Act”), and to certain non-U.S. persons in transactions outside the United States under Regulation S of the Securities Act. The initial issuance and sale of the Notes will not be registered under the Securities Act, and, the Notes may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and other applicable securities laws.
 
This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Notes, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
 
Forward-Looking Statements
Some of the statements contained in this news release may constitute “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995, including statements as to Cedar Fair’s expectations, beliefs and strategies regarding the future. These forward-looking statements may involve risks and uncertainties that are difficult to predict, may be beyond the Company’s control and could cause actual results to differ materially from those described in such statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. Important factors could adversely affect the Company’s future financial performance and cause actual results to differ materially from the Company’s expectations, including general economic conditions, competition for consumer leisure time and spending, adverse weather conditions, unanticipated construction delays and the risk factors discussed from time to time by the Company in reports filed with the Securities and Exchange Commission (the “SEC”). Additional information on risk factors that may affect the business and financial results of the Company can be found in the Company’s Annual Report on Form 10-K and in the filings of the Company made from time to time with the SEC. The Company undertakes no obligation to correct or update any forward-looking statements, whether as a result of new information, future events or otherwise.
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i am surprised that cedair fair put something out like this

The the 49ers are officially moving to the CGA parking lot

I thought the 49ers were looking at building on the park instead of just the parking lot, must of read it wrong. But with them just building on the parking lot is the park planning on building another set of parking lots somewhere else or just close the doors?

The the 49ers are officially moving to the CGA parking lot: http://www.bizjournals.com/sanjose/stories/2010/06/07/daily41.html

I don't think that means the move is official, just that the stadium vote is being passed. Like the article says, what if the 49ers decide to stay? I don't think they would, but its possible.

I don't know what this means for the park. Plus, didn't the business owners around the park really object to the park's noise? True, most football games are on weekends, but one of CF's concerns was the other events at the stadium throughout the week and the offseason. Will be interesting to see this play out. I would imagine CF wants out but I don't know.

I don't think that means the move is official, just that the stadium vote is being passed. Like the article says, what if the 49ers decide to stay? I don't think they would, but its possible.

Well it has been the biggest hurdle to date and every other article I read seemed to indicate the 49ers were excited about this.  I imagine that CF will at some point close down CGA if this continues in this direction.  I wouldn't be surprised if that was the underlying motive anyway.  I'm guessing that a NFL team has a greater potential to increase taxable revenue in the area. Not to mention giving the town more opportunities to host other sporting events and concerts.