Why is Great America being sold?

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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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.

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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 park operator Cedar Fair announced Monday that it sold the land and ultimately will close the park.

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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 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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states all of this is due to bring down the parks debt. 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.

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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.

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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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In-Park Media FunTV's content entertains and informs guests while they stand in line to ride one of 189 of our most popular attractions. Each year, over 25 million guests visit our parks.

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Lake Compounce is an amusement park located in Bristol and Southington, Connecticut. Opened in 1846, it is the oldest continuously operating amusement park in the United States.

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In 1995, in an effort to reduce its debt load, Time Warner sold 51% of Six Flags for $200 million in cash to an investment group led by Boston Ventures, shifting $800 million in debt to Six Flags.

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