Funtime, Inc. Explained

Funtime, Inc
Type:Public
Fate:Sold to Premier Parks
Location:Cleveland, Ohio
Area Served:United States
Industry:Amusement parks

Funtime, Inc was an American amusement and entertainment company located in Cleveland, Ohio.[1] The company was established in 1965. It owned several properties throughout its 31-year-long lifespan.

History

Funtime Inc. was established in 1965 when four former Cedar Point employees, including Gasper Lococo (1928–2016), a former military sergeant from Huron,[2] pooled their resources and purchased Geauga Lake in Ohio for $5 million.[3] The park had previously been owned by members of the Kuhlman/Schryer family.[4] In 1983, the company began managing Wyandot Lake in Columbus, Ohio.[5] That same year FunTime acquired 50% controlling interest in Darien Lake.[6] In 1995, Funtime entered into an agreement to manage Lake Compounce in Bristol, Connecticut.[1]

Sale to Premier Parks

In August 1995 Funtime, Inc. was acquired by Premier Parks (later Six Flags) for $60 million.[7] The deal to manage Lake Compounce was canceled and the Kennywood Entertainment Company was awarded the contract.[8]

Properties

NameLocationYear OpenedYear AcquiredFate
Geauga LakeAurora, Ohio18871968Sold to Six Flags in 1995 and later Cedar Fair in 2004. The Park permanently closed on September 16, 2007.
Darien LakeDarien, New York19541983Sold to Six Flags in 1995. And later PARC Management, Herschend Family Entertainment, Premier Parks LLC and currently EPR Properties with operations taken over by Six Flags.
Wyandot LakeColumbus, Ohio19771983Sold to Six Flags in 1995, then to Columbus Zoo and Aquarium in 2006.[9]

Sources

External links

Notes and References

  1. Web site: Nation's Oldest Fun Park To Get a Brand New Look. New York Times. New York, New York. July 22, 1995. October 10, 2018.
  2. Web site: Funtime Inc. co-founder Gasper Lococo has died. 2015-10-07. Amusement Today. en-US. 2019-04-06.
  3. Web site: Geauga Lake History Page 2. www.geaugalaketoday.com. 2019-04-06.
  4. Web site: Geauga Lake History. www.geaugalaketoday.com. 2019-04-06.
  5. News: Changes idling Wyandot Lake in '07. Burns. Adrian. 16 October 2006. Business First. 6 April 2019.
  6. Web site: Funtime Inc. co-founder Gasper Lococo has died. 2015-10-07. Amusement Today. en-US. 2019-04-06.
  7. Web site: Geauga Lake History Page 5. www.geaugalaketoday.com. 2019-04-06.
  8. Web site: Lake Compounce - About Lake Compounce. Lake Compounce. 3 May 2018 . en. 2019-04-06.
  9. News: Zoo to keep Wyandot Lake afloat. Matzer Rose. Marla. 13 June 2006. The Columbus Dispatch. https://web.archive.org/web/20110523050532/http://www.dispatch.com/live/contentbe/dispatch/2006/06/13/20060613-A1-01.html. 6 April 2019. 2011-05-23.