GAd and SFA: SF Measuring Value of 1,000 Excess Acres

[GADVwow]

From a site that calls itself:  "CoStar Group:  A Weekly Report on Future Trends and Plans, Acquisition/Disposition Strategies and Properties Under Contract"

See about half way down the page:

http://www.costar.com/News/Article.aspx?id=8C5F2B1A60F06C98A43B6472F5DA8EE8

[Bubba Z]

Six Flags Measuring Value of 1,000 Excess Acres

 Six Flags Inc. is continuing to try to figure out what to do with about a combined 1,000 acres at its resort parks in Jackson, NJ, and Largo, MD.

Jeff Speed, CFO of the company, told investment analysts that Six Flags is putting the land through a master planning process to get a better sense of its optimal use.

"But given the real estate market, we do not believe it is an opportune time to pull the trigger on anything," Speed said. "It all goes to the point of how much a potential buyer is going to discount the price, if they are going to take the zoning risk versus us trying to get that taken cared of ahead of time. So that is part of the analysis we are going through."


I hope all they do is  keep talking,  or zone the land for further in house park investment. Ie...Hotel, Restaurant's  and more Rides. 

[GADVwow]

I like how these real estate professionals refer to GAd and SFA as "resort parks."

[rjholla2003]

Please SFI, look at Disneyland vs. Disney World.  look at Dorney's issues with the neighbors.  Look at Alton Tower's issues with the neighbors.  Keep a land buffer!

[Majortom1981]

Sfgadv has 600 acres that are developable 600 used and 600 that cant be touched. I wish they wouldnt sell any of it. They need the distance from neighbors.

Can they even get away with that since 600 of the 1800 acres they own cant be touch and is environmentally protected?

Those might not be exact numbers but they are close. The exact numbers are listed in the latest annual report.