Six Flags plans to close down certainly one of its West Coast parks earlier than its lease ends in three years, the newest website of the leisure group to fulfill an final demise.
Six Flags California’s Nice America is predicted to shut its doorways for the final time on the finish of the 2027 season.
The park’s destiny was revealed after a current traders’ assembly.
“Until we resolve to increase, and train certainly one of our choices to increase that lease, that park’s final yr with out that extension can be after the ‘27 season,” CFO Brian Witherow mentioned, based on PEOPLE.
Witherow described the Santa Clara park and the soon-to-close Six Flags America in Maryland as “very low on the rating of margins,” the outlet reported.
The almost 50-year-old amusement park opened as Marriott’s Nice Journey in 1976 and has operated beneath a number of ownerships, together with Paramount and Cedar Truthful, the latter merged with Six Flags in 2024.
The Santa Clara attraction sat on public land earlier than Cedar Truthful bought the 112-acre property in 2019.
Cedar Truthful offered the positioning to actual property agency Prologis in 2022.
The San Francisco-based funding 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 opportunity of a five-year extension, the outlet reported.
On the time of the sale, Cedar Truthful had introduced its intentions to close down the park on the finish of the lease.
“We selected Prologis as our associate due to their deep ties within the Bay Space and their fame for working carefully with native communities on giant developments,” the corporate mentioned within the June 2022 press launch.
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 positioning, however hasn’t made any public announcement.
“We’re targeted on figuring out and partnering with planning and design specialists to assist us create a grasp plan for the property, working with the town and neighborhood alongside the way in which,” the firm instructed the Los Angeles Instances in January.
Six Flags and Cedar Truthful 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 maintain its identify, however can be headed by a number of Cedar Truthful executives plus two executives from Six Flags.
The newly merged government board introduced in Might plans to close down Six Flags America in Bowie, Maryland on the finish of the 2025 season.
“As a part of our complete assessment of our park portfolio, we’ve got decided that Six Flags America and Hurricane Harbor should not a strategic match with the corporate’s long-term development plan,” CEO Richard A. Zimmerman mentioned.
The five hundred-acre plot, positioned 23 miles east of Washington, DC, might be offered as a redevelopment alternative as a part of the corporate’s “long-term development plan.”
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