Great America's amusement park in Santa Clara may close by 2027 after being sold to real estate company Prologis for $310 million. While the park was initially expected to operate until at least 2028, recent layoffs and shifts in corporate strategy indicate an earlier closure. Six Flags Entertainment's comments suggest no definitive plans to extend the park's operations beyond the lease expiration in 2028. The land is more valuable for commercial development as opposed to amusement. Community members are encouraged to visit before it potentially closes for good.
"When we got the sad news that the Santa Clara amusement park Great American was sold for $310 million and would be closing permanently, the real estate conglomerate called Prologis that bought the land beneath it said that the park would continue operating until at least 2028, and possibly until 2033."
"The 112-acre property would be a hell of a lot more valuable as Silicon Valley office space or housing than it ever could be as an amusement park."
"The Chronicle's new report that Great America is likely to close permanently in 2027, which is even earlier than the earliest previous estimate."
"Six Flags Entertainment CFO Brian Witherow said at the company's Investor Day last month that Unless we decide to extend, and exercise one of our options to extend."
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