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

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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.

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