A STORM is brewing at Six Flags as the amusement park giant stares down a mountain of debt, park closures, and fears of bankruptcy.

The theme park chain , which merged with rival Cedar Fair last year, has now been saddled with $500 million in debt and plunging revenue.

The company, parent of Cedar Point, Kings Island and dozens of other amusement parks across North America, has already shut down two properties and is weighing more sales.

“The whole company needs to be reimagined,” Dennis Speigel, president of International Theme Park Services in Cincinnati , told Cleveland.com .

Speigel said the company’s latest earnings report was alarming: a 9% drop in attendance, season pass sales down 8%, and revenue off by $100 million.

“We have not felt the aftershocks from this,” he war

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