New roller coasters at Cedar Point inflate more than just thrill-seeker’s spirits.
They elevate the city’s bottom line.
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City officials have predicted admissions taxes will generate about $2.65 million this year. The tax, a 3 percent fee tacked onto ticket sales at Sandusky-based entertainment venues, depends largely on attendance at Cedar Point, the undisputed giant in the local entertainment industry.
The forecast seems optimistic, considering that only once since 1998 has a yearly admissions tax topped $2.65 million.
Even so, local finance experts are banking on the overwhelming buzz surrounding Cedar Point’s newest attraction, GateKeeper, a record-breaking winged roller coaster that debuts Saturday.
Financial data from past years shows Cedar Point’s new roller coasters do indeed benefit everyone, even city taxpayers.