Six Flags California’s Great America expected to – Business News
Six Flags plans to shut down one of its West Coast parks earlier than its lease ends in three years, the most recent website of the leisure group to meet an final demise.
Six Flags California’s Great America is expected to close its doorways for the final time on the finish of the 2027 season.
The park’s destiny was revealed after a current traders’ assembly.
California Great Adventure in Santa Clara, Calif. Facebook
“Unless we decide to extend, and exercise one of our options to extend that lease, that park’s last year without that extension would be after the ‘27 season,” CFO Brian Witherow stated, in accordance to PEOPLE.
Witherow described the Santa Clara park and the soon-to-close Six Flags America in Maryland as “very low on the ranking of margins,” the outlet reported.
The practically 50-year-old amusement park opened as Marriott’s Great Adventure in 1976 and has operated underneath a number of ownerships, together with Paramount and Cedar Fair, the latter merged with Six Flags in 2024.
The Santa Clara attraction sat on public land earlier than Cedar Fair bought the 112-acre property in 2019.
Cedar Fair offered the location to real estate firm Prologis in 2022.
Great America has operated underneath a number of ownerships together with Cedar Fair earlier than the Six Flags merger in 2024. Sundry Photography – stock.adobe.com
The San Francisco-based investment group bought the land for $310 million with an settlement for the park to stay on the website till the lease ran out on the finish of June 2028, with the likelihood of a five-year extension, the outlet reported.
At the time of the sale, Cedar Fair had introduced its intentions to shut down the park on the finish of the lease.
“We chose Prologis as our partner because of their deep ties in the Bay Area and their reputation for working closely with local communities on large developments,” the company stated within the June 2022 press release.
The property sits simply north of US 101 in Santa Clara and shares a parking zone with the San Francisco 49ers’ Levi’s Stadium.
Prologis has begun to discover future prospects for the location, however hasn’t made any public announcement.
“We’re focused on identifying and partnering with planning and design experts to help us create a master plan for the property, working with the city and community along the way,” the company instructed the Los Angeles Times in January.
Six Flags and Cedar Fair formally merged in July 2024 to create the “largest” amusement park operator in North America with a mixed portfolio of 42 parks throughout the US, Canada and Mexico.
The settlement allowed Six Flags to keep its title, however can be headed by a number of Cedar Fair executives plus two executives from Six Flags.
The newly merged govt board introduced in May plans to shut down Six Flags America in Bowie, Maryland on the finish of the 2025 season.
The property sits simply north of US 101 in Santa Clara and shares a parking zone with the San Francisco 49ers’ Levi’s Stadium. Facebook
“As part of our comprehensive review of our park portfolio, we have determined that Six Flags America and Hurricane Harbor are not a strategic fit with the company’s long-term growth plan,” CEO Richard A. Zimmerman stated.
The 500-acre plot, situated 23 miles east of Washington, DC, might be offered as a redevelopment alternative as half of the company’s “long-term growth plan.”
