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MANAGEMENT NEWS www.attractionsmanagement.com
3 apriL 2019 issUe 127
Cedar Fair acquires Great America park In what it calls a "once in a generation opportunity", theme park operator Cedar Fair Entertainment has entered into an agreement to buy the rights to the land beneath its California’s Great America park in Santa Clara, California. Since opening the park in 1976, Cedar Fair has leased the land from the City of Santa Clara. The new agreement will see the company acquire the land for around US$150m (€133m, £113m), financed through additional longterm borrowing, with the transaction
■■The land beneath Great America park in Santa
due to complete in Q2 2019.
Clara has been leased by Cedar Fair since 1976
Richard A Zimmerman, president and CEO of Cedar Fair, said: "This is a once in a generation opportunity to solidify our
live and work in Northern California." In commenting on the company’s 2018
control of 112 acres in the heart of Santa
financial results, reported in Attractions
Clara. The transaction underscores our
Management last month, Zimmerman said
long-term commitment to enhancing and
that Cedar Fair would be pursuing a strategy
expanding California’s Great America,
of broadening the guest experience through
ensuring a high quality, family-friendly
"immersive new entertainment offerings".
entertainment destination for those who
More: http://lei.sr/p9Y2x_a
PEOPLE
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Richard A Zimmerman
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