Funtime, Inc.

Funtime, Inc
Public
Industry Amusement parks
Fate Sold To Premier Parks
Founded 1965 (1965)
Defunct 1996 (1996)
Headquarters Cleveland, Ohio
Area served
 United States

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, pooled their resources and purchased Geauga Lake in Ohio for $5 million. The park had previously been owned by members of the Kuhlman/Schryer family. FunTime made its second Acquisition in the form of Wild World in 1981. In 1983 the company began managing Wyandott Lake in Columbus, Ohio. That same year FunTime acquired 50% controlling interest in Darien Lake. In 1992 The company sold Wild World to Premier Parks due to financial troubles. 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 for $60 million dollars. The deal to manage Lake Compounce was canceled and the Kennywood Entertainment Company was awarded the contract.

Properties

Name Location Year Opened Year Acquired Fate
Geauga Lake Aurora, Ohio 1887 1968 Sold to Six Flags in 1995 and later Cedar Fair in 2004. The Park permanently closed on September 16, 2007.
Darien Lake Darien, New York 1954 1983 Sold 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.
Adventure World Largo, Maryland 1973 1981 Sold To Six Flags.
Zoombezi Bay Columbus, Ohio 1977 1983 Sold To Columbus Zoo and Aquarium in 1995.

References

  1. 1 2 "Nation's Oldest Fun Park To Get a Brand New Look". New York, New York: New York Times. July 22, 1995. Retrieved October 10, 2018.

Sources

  • "Funtime Inc. co-founder Gasper Lococo has died « Amusement Today". amusementtoday.com. Retrieved 2018-09-15.
  • "Geauga Lake Today & Forever". geaugalaketoday.com. Retrieved 2018-09-15.
  • "Wild World In Maryland | * Adventure World, formerly Wild World, located in Largo... - tribunedigital-baltimoresun". articles.baltimoresun.com. Retrieved 2018-09-15.
  • Official website
  • "Terms of Service Violation". bloomberg.com. Retrieved 2018-09-15.
  • "FunTime, Inc. | Better Business Bureau® Profile". bbb.org. Retrieved 2018-09-15.
  • "History of Six Flags, Inc. – FundingUniverse". fundinguniverse.com. Retrieved 2018-09-15.
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