Richard

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Richard last won the day on February 26

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  1. Not sure you’ve read what I’m saying correctly. Here’s the important bits:
  2. Richard

    The New Atlantis - Construction Updates

    ... or M&V are currently overseeing a local crew as was always going to be the case? Village have said outright that they have specialists here for the project. For what it's worth, my original point was that despite the incredibly simple construction of wooden coasters, the skill and IP is in successfully managing the project. I'd also hazard a guess that Taft had very well versed project managers out from the US overseeing Bush Beast in much the same way that M&V are overseeing a local construction crew.
  3. In-house job. But a concrete channel is a concrete channel, and that new section that snakes under Storm is all that would remain on a resurrected flume. If it's to spec in terms of dimensions/gradient/water depth then no reason a manufacturer and/or local engineers wouldn't sign off on it. And you can bet given it was built in 2012, actual engineering with a solid paper trail went into its design and construction.
  4. Yes — the flume dimensions on Vikings Revenge is industry standard so Intamin/Mack/etc could bring it to life. From a structural perspective the castle is likely toast in terms of supporting a ride like this, but that’s a good thing. The boats, station, lift(s), drop(s) and splashdown would all need to be new so the flume you’re reusing to save a few hundred thousand is that thoroughly unremarkable section that meanders through the gravel under Storm. This was part of the big plan pre-Atlantis. I think bringing back the (or a) flume would be easiest and most cost effective win possible for SW but the concept was so thoroughly overthought and destined to be both heinously expensive and underwhelming that everyone should be glad it never happened. It’s why the flume wasn’t swiftly removed and likely why it’s not one of the attractions earmarked for removal this year, so there’s hope yet.
  5. It's a bit hard to debate on the merits when you preemptively dismiss any rebuttal with this kind of petty garbage. The webcast/Q&A completely echoes the presentation in its substance. This article isn't mourning the loss of rather uninspiring attractions nor ignoring the fact that it's a time for drastic measures across the board, but rather it is questioning the stated strategy behind closures and downsizing as a whole. Unprecedented trading conditions have halted things like the ABC Kids expansion, which ostensibly would have included a replacement for the Big Red Car Ride, but when they're caught with their pants down for the umpteenth time in a few short years regarding long-term retirement and rejuvenation plans it starts to become a bit of a boy who cried wolf situation.
  6. Richard

    The New Atlantis - Construction Updates

    Virtually all the modern advancements in traditional wooden coasters come down to computer design and better trains. All the big manufacturers share near identical specs that have remained unchanged for a century. Even RMC uses the same track gauge and basic specs on their hybrids as just about every wooden coaster in existence. There's really nothing to a wooden coaster at its core. Measure, cut, bolt, repeat. Tolerances aren't critical until very late in the piece and are easily corrected; even then we're not talking millimetre precision like on a steel coaster. Martin & Vleminckx as a manufacturer would certainly have their own preferred methods (and Gravity Group would have their own design preferences that other designers wouldn't) but they aren't bringing some magic recipe so much as a history of delivering wooden coasters on schedule and budget. More so than Vortex or Dreamworld's coaster where there's local firms skilled at building these rides, I'd be inclined to say that neither SW nor M&V would be too keen for significant progress without that wooden coaster expertise on site.
  7. I don't think anyone's argued that Dreamworld is not a fundamentally viable business but those impressive figures are the product of Ardent's objectively unsustainable business model. EBITDA really isn't a great measure of anything given that this is a capital intensive industry and just how neglected Dreamworld was. Free cash flow for that five year period amounts to about $112 million. There's actually not a lot of liquidity had they been properly maintaining the park and planning for the graceful retirement of TRR, Log Ride, Wipeout and TOT and more. Jury is still out on their recovery plan: Australia lenders wouldn't give them the finance while USA lenders ring-fenced Main Event debt facilities. That's not a great start. As for book value: they'd been actively trying to sell for years. Any number of would-be buyers would jump at a park delivering those margins but I suspect due diligence and an understanding of the immediate capital requirements killed discussions with the Wandas/Merlins/Villages of the world.
  8. I missed that front page story too. Tagging error fixed!
  9. Obviously Ardent’s own announcements that suggest that they’re getting similar funding but it is worth noting that QTC is a state owned investment body whose obligations are to ensure a good return on investment for Queensland. It’s not a case of fairness.
  10. Richard

    The New Atlantis - Construction Updates

    How about we cool it with the faux outrage? Nothing here comes anywhere near personal attacks, gate-keeping or passive aggressive, so this whole exchange is thoroughly uninteresting.
  11. Richard

    The New Atlantis - Construction Updates

    It's been pretty obvious from day one that Vortex was a calculated move based on the demise of Wipeout. Opportunistic sure, but the opportunity was there for the taking... If the public perception is "there's one like Wipeout at Sea World", then how exactly is that a bad thing?
  12. Richard

    COVID-19 & Theme Park Closures

    Let's actually move on. We've suspended members for creating fake accounts and deleted a whole lot of posts here because it's clear some people seem only interested in creating drama. If you wish to discuss our policies about what members can and can't post then feel free to start a topic in Site Issues. (Spoiler: we'll allow almost anything that's not offensive but from time to time may remove things for a whole lot of reasons including requests from park management that we look at on a case by case basis, and our record speaks for itself when it comes to free and open discussion.)
  13. Richard

    COVID-19 & Theme Park Closures

    We've been asked by VRTP to delete that screenshot. I'm sure most of you appreciate the recent hands-on approach they've taken with this community so let's leave it as a "you can't have your cake and eat it too" situation and move on.
  14. $80 million after the refinance in April 2019 but down to $58 million as at 31 December 2019.
  15. No Australian debt facilities is correct. May 2016 revenue was only $6 million, so if the park is genuinely losing $5-10 million a month with significantly reduced costs during shutdown and the majority of wages covered by JobKeeper (there's say $1-2 million in costs) then insolvency is what they deserve, pandemic or not. The three options to repair their balance sheet mooted by AFR and echoed by other investment reports suggests they can do three things: sale-and-leaseback (a la VRTP), sell a stake in Main Event or raise equity. We know with certainty that the first two have been on the cards and/or actively pursued by Ardent in recent times.