California's Great America in Santa Clara now has an expiration date. The park operator Cedar Fair announced Monday that it sold the land and ultimately will close the park.
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While Cedar Fair plans to eventually close the park by 2033, the land rental agreement is a six-year lease through 2028 that gives Prologis the option of extending it another five years.
The amusement park was sold for a total of 310 million from Bay Area buyer Prologis Inc. Cedat Fair said it first began looking into maximizing the value of its existing properties back in 2021. Thankfully people can still enjoy the park until the year 2033.
The failure to build its largest and greatest theme park, in addition to continually disappointing profit levels from the other two parks, led Marriott to leave the amusement park business entirely in 1984.
The park is open as scheduled (usually with almost all rides operating), rain or shine. Want to check weather conditions before you go? Visit the Weather Channel.
In June 2022, Cedar Fair announced the sale of the land occupied by California's Great America for $310 million to Prologis, a Bay Area logistics real estate company. Cedar Fair stated that the sale will help them lower the company's corporate debt to $2 billion, adding that they intended to close the park by 2033.
The amusement park originally opened as Marriott's Great America on May 29, 1976, as one of two theme parks built by the Marriott Corporation. Six Flags acquired the amusement park in 1984 after the theme park division was an earnings disappointment for Marriott.
Weekdays (Monday-Thursday) are historically least crowded during the summer season in June, July, and August. Weekends, especially Saturdays, attract more tourists and vacationers.
Right now, the idea of Disney being the impetus behind Great America's purchase is merely a rumor, and any association between Prologis and Disney is alleged at best.
The Marriott Corporation's food service business switched from Coca-Cola to Pepsi-Cola after Coke rejected the hotel operator's request for a loan of up to $100 million, a Coca-Cola Company memo shows.