Magic Mountain may lose its Magic

March 13, 2009 12:00:00 AM PDT
Magic Mountain theme park in Southern California could see the end of its own roller coaster ride with the tough economy. The amusement park may have to file for bankruptcy if it can't work out its finances by summer.Six flags faces an August 15th deadline to pay almost $290 million dollars to shareholders. With other obligations factored in, the payout could run close to $320 million.

If the owners of the theme park and the preferred stockholders don't reach a deal, the company could be forced into bankruptcy.

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