- May 30th, 2019, 2:19 pm
#107080
No. None of what he said or implied is how it works and I guarantee you no one at the perk or in CF’s corporate has ever said anything along the lines of that.
Cedar Fair decides how much capital each park gets for improvements and additions and, if necessary, demolition. Parks have a five year plan. Once a park sets up their plans, they roughly know how they’re going to allocate said money, capital improvements, maintenance (painting, etc), and new rides. The park doesn’t have to “think” they can get funding for anything. They know that the corporate management team is going to give them an amount yearly.
Then, when a park decides what they’re going to do with the funds, they put each project or job out to bid. Companies come back with a bid.
If it’s for a new ride, unless the park is looking for something really specific, they put out to bid something like “We want to build X type of ride and we’re Spending X amount of money budgeted for the project”. Then they review and select a bid. It isn’t standard practice for a park to say “we want a new ride from THIS SPECIFIC COMPANY”.
Parks look at and select the bids that meet their demographics and offer the best return on investment.
They don’t secure funding. They don’t ask for a loan and hope they get it approved, so there’s no need for them to “be confident they can get funding”, because they know it’s a given they’ll get funding each Myers for capital investments and improvements.
They also don’t look at a “process of figuring out how to get an RMC”. The park only cares about who will offer what they want within the budget and is easy to work with and will deliver on time. They’re not going to approach RMC. They put it out to bid.
Fun fact, neither Mean Streak nor Hurler were intended to be converted to RMCs initially. RMC responded to a bid and came back with “We can do this for $XXX”. The contract was signed around PPP time one year, and people that I know that know things were talking about it then.
Cedar Fair decides how much capital each park gets for improvements and additions and, if necessary, demolition. Parks have a five year plan. Once a park sets up their plans, they roughly know how they’re going to allocate said money, capital improvements, maintenance (painting, etc), and new rides. The park doesn’t have to “think” they can get funding for anything. They know that the corporate management team is going to give them an amount yearly.
Then, when a park decides what they’re going to do with the funds, they put each project or job out to bid. Companies come back with a bid.
If it’s for a new ride, unless the park is looking for something really specific, they put out to bid something like “We want to build X type of ride and we’re Spending X amount of money budgeted for the project”. Then they review and select a bid. It isn’t standard practice for a park to say “we want a new ride from THIS SPECIFIC COMPANY”.
Parks look at and select the bids that meet their demographics and offer the best return on investment.
They don’t secure funding. They don’t ask for a loan and hope they get it approved, so there’s no need for them to “be confident they can get funding”, because they know it’s a given they’ll get funding each Myers for capital investments and improvements.
They also don’t look at a “process of figuring out how to get an RMC”. The park only cares about who will offer what they want within the budget and is easy to work with and will deliver on time. They’re not going to approach RMC. They put it out to bid.
Fun fact, neither Mean Streak nor Hurler were intended to be converted to RMCs initially. RMC responded to a bid and came back with “We can do this for $XXX”. The contract was signed around PPP time one year, and people that I know that know things were talking about it then.
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403 Coasters and counting...
403 Coasters and counting...
