California’s Great America is set to close permanently in the coming years, following a sale of the beloved local landmark by the property’s owners.
Cedar Fair announced the sale of its California Great America amusement park to Prologis, Inc. for $310 million early last week. The land sale to Prologis, a Bay Area-based logistics real estate company, included a purchase agreement that will require the site be leased back to Cedar Fair for 11 years.
The purchase agreement will allow Cedar Fair to continue to operate the park through their lease term, however flexibility within the agreement could reduce this timeline.
The exact closure date has not been officially shared yet.
The Santa Clara park has been a staple to the Bay Area since opening in 1976. The park, located between Route 237 and Highway 101, features over 50 attractions across 112.6 acres.
The land has the potential to become a notable Bay Area development, however it is still unknown what the future holds for the legendary site.
Cedar Fair purchased the land from the City of Santa Clara in 2019 after leasing it for nearly 40 years. The most recent land sale came after Cedar Fair conducted a strategic review in 2021 to determine options to maximize the value of their extensive assets portfolio.