News California's Great America Is Closing

[Riboflavenus]

Man I hope they move Gold Striker to another park, but I guess that's unlikely.

I don’t know, with lumber costing as much as it does, it might be more economical of a move that you’d think.

 

[Gavin]

 

[Zachary]

Sooo... We thinking end of '25 closing now?

 

[warfelg]

Sooo... We thinking end of '25 closing now?

Mid-24. It’s gonna be like this:

 

[horsesboy]

Coastercon 24 will be a tour of shipping crates

 

[Coasterguy95]

Coastercon 24 will be a tour of shipping crates

Spit out my drink bc of this LOL

 

[warfelg]

Coastercon 24 will be a tour of shipping crates

Yes but is a fork a coaster....

Wait, no, bad CF/SF don't write that down as a way to save the event!

 

[MaxxForceFan]

Sooo... We thinking end of '25 closing now?

It is my understanding that Cedar Fair is locked into a 6 year lease unless Prologis agrees to end the lease early.

On June 27, 2022, and as a condition to the sale of the Park, the Company entered into a lease with Prologis pursuant to which Cedar Fair, L.P., throughits subsidiaries will continue to operate the Park. The lease has a six-year term, and the Company has the option to extend the term for an additional fiveyears. The lease is subject to a right in favor of Prologis to terminate the lease early by providing at least two years’ prior notice. The annual base rent under the lease is $12,247,500 and will increase by 2.5% each year.

https://d18rn0p25nwr6d.cloudfront.net/CIK-0000811532/78a5bf4c-e155-489d-b56b-5161d8809409.pdf

 

[Zachary]

Presumably, talks about the potential for an early exit will spin up with Prologis nearly immediately.

It's beneficial for Prologis for new Six Flags to walk away from the property too. The local municipality is talking about how they won't rezone the land from an amusement park to another use, but that calculation will almost certainly change dramatically if California's Great America packs up all their toys, ships them across town to SFDK, and shuts down CGA voluntarily with nothing of value left onsite to incentivize a new amusement tenant.

 

[cackylack]

That carousel is beautiful. Carowinds used to have a double-decker carousel in the 70s