That's a very malicious way of going about it on their part, I'm not gonna lie. There's obviously going to be a drop in attendance after what they just did to the park. The current state of the park is a result of Jim Reid Anderson and the previous regime, not surrounding competition. The only thing stopping Great Adventure from being successful is the company that's running it.
I don’t think that is entirely true.
To be clear, I am not speaking specifically about Great Adventure; I am theorizing about the industry as a whole. Obviously, GAdv has been suffering under a corporation that has a reputation for destroying charming parks across the country. That said, I believe there are other major forces at play. Just blaming the old Six Flags leadership, in my opinion, over simplifies the issue.
In my observation successful parks tend either to be located in places with an amusement park culture or in destination tourist cities. For example, I believe parks in places like Virginia, Pennsylvania, Texas, and California benefit from locals who view amusement parks as normal and integral parts of their recreational budget. They buy annual passes and expect to visit parks at least one a year. Obviously, there is a chicken and egg issue here, but in the end, I believe that people who grow up with local parks are more likely to visit them. Similarly, parks in cities like Orlando and LA/Anaheim benefit from being located where tourist visit for the express purpose of going to theme parks. So they too have a built in revenue stream.
Global, national, and local economics also obviously play crucial roles in the success if a park and the ability to invest in growth, infrastructure, maintenance, etc. COVID was a disaster for the industry, even resulting in massive cuts in giants like Disney. Just five years later we are on the precipice of another potentially economically devastating situation. The impacts are still unknown, but ever chain must be looking at slowing growth in the near and midterms. So, even chains that intend to invest in their parks may be forced to wait.
I can’t say whether Great Adventure specifically has or will suffered from the effects of these forces, but in general real, I don’t think it is reasonable to blame stagnation or decline entirely on the intentions of the executives.