Great America’s days are numbered.
The Santa Clara carnival will close down no later than a long time from this point after a Bay Area land engineer purchased the land the recreation area covers for $310 million.
Cedar Fair, one of the country's biggest amusement park administrators, said it sold the land at Great America neighboring Levi's Stadium to San Francisco designer Prologis trying to shed obligation.
Prologis will rent the land back to Cedar Fair to keep working the popular amusement park "for a time of as long as 11 years" prior to shutting down for good when the rent terminates.
The Mercury News detailed that rent understanding is for long term and incorporates a possibility for Cedar Fair to expand the arrangement five extra years.
We picked Prologis as our accomplice in view of their profound ties in the Bay Area and their standing for working intimately with nearby networks on huge turns of events," Richard A.
Zimmerman, Cedar Fair president and CEO, said in an explanation.
For our financial backers, the deal and rent arrangements permit us to adapt a high-esteem resource in the core of Silicon Valley at an exceptionally appealing different.
The deal comes just a short time after Cedar Fire purchased the land from the city of Santa Clara subsequent to renting the land from the city for over 40 years.
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