How much was Great America bought for?

Cedar Fair, the owner and operator of Great America, as well as 11 other parks, including Knott's Berry Farm, sold the amusement park to real estate developer Prologis for $310 million in an effort to reduce its debt. Prologis is a major player in industrial, logistics and manufacturing development.



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NBC Universal, Inc. Cedar Fair, the owner of Santa Clara amusement park Great America, and theme park giant Six Flags, owner of Discovery Kingdom in Vallejo, are merging to create an expansive amusement park operator spread across 17 U.S. states and three countries. Robert Handa reports.

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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.

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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.

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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.

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The owners of the land that's home to California's Great America amusement park in Santa Clara has been sold and the park will eventually close, according to Cedar Fair L.P., the sellers of the property. The parcel was sold for $310 million with a lease agreement, Cedar Fair announced on Monday.

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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.

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Wynne, Jr. in 1961, upon the opening of Six Flags Over Texas. Six Flags Theme Parks is a fully-owned subsidiary of Six Flags Entertainment Corporation (formerly Premier Parks), who purchased the company from Time Warner in 1998.

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As the two parks grew, they installed different coasters and constructed different areas. For the past 30+ years, the two parks have taken completely separate paths. Today, the park outside Chicago is known as Six Flags Great America, and the Bay Area knows us as California's Great America.

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It was August 1999 when O'Leary lost her little brother. The family says 12-year-old Joshua Smurphat was on a drop ride at a California amusement park when slipped out of his seat and fell to his death. His mom saw it all. I was standing five feet from where he fell when he did die, said Tami Smurphat.

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Under this policy, all guests ages 15 years old or younger must be accompanied by a chaperone who is at least 21 years old in order to be admitted to, or remain in, the park after 4:00 p.m. local time to close.

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John Willard Bill Marriott Jr. (born March 25, 1932) is an American billionaire businessman who is the executive chairman of Marriott International, of which he owns 11.28%.

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