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Millennium Force with Mantis and Top Thrill Dragster the background. Photo courtesy: Cedar Point/Cedar Fair

Guests ride on the new Diamondback roller coaster during a VIP preview, Friday, April 17, 2009, at Kings Island Amusement Park in Mason, Ohio. The park opens to the public Saturday, April 18. (AP Photo/Al Behrman)
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Behemoth roller coaster at Canada's Wonderland outside Toronto, a Cedar Fair company.

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2009 Cedar Fair attendance down

Over 1 Million drop in annual visitors

Updated: Wednesday, 04 Nov 2009, 3:40 PM EST
Published : Wednesday, 04 Nov 2009, 12:04 PM EST

  • Associated Press

SANDUSKY, Ohio (AP) - Cedar Fair Entertainment Co. says it will not make any cash distribution in 2010 to the owners who hold unit shares in the company as a result of lower revenues.

Cedar Fair officials said Tuesday that the struggling economy combined with bad weather led to more than a million fewer visitors to its amusement and water parks this year.

Cedar Fair says net revenue for the nine months ending Sept. 27 fell to $810.5 million from $877 million a year ago and attendance fell 1.2 million at the company's parks.

The Ohio-based company says 2010 will be the first time it has not made cash distributions since Cedar Fair went public in 1987 as a limited partnership.

Cedar Fair will make a previously announced cash distribution of 25 cents per limited partner unit on Nov. 16.

Cedar Fair operates 11 amusement parks and seven water parks.

Copyright Associated Press, Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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