Well-liked theme parks have begun disappearing from the panorama, as builders anticipate big returns from changing huge amusement park parcels of land into profitable actual property initiatives.
Cedar Honest offered its worthwhile California Nice America property within the Silicon Valley to actual property developer Prologis in 2022, earlier than it merged with Six Flags in 2024.
California Nice America introduced it would shut its gates completely on the finish of the 2027 amusement park season.
Andretti Thrill Park will shut for redevelopment after 27 years of operation.
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Andretti Thrill Park closes down
And now, one other beloved household theme park, Andretti Thrill Park, which was co-founded by the late NASCAR driver John Andretti in 1999, has closed down completely and might be redeveloped into an house complicated with over 300 models, The House Coast Rocket reported.
The Melbourne, Fla.-based race car-themed thrill park’s proprietor Eddie Hamann, who co-founded the theme park with Andretti, stated financial points weren’t the explanation for closing the park, because it was performing effectively financially.
Co-Founder John Andretti handed away
Andretti handed away from colon most cancers in 2020. John Andretti was the nephew of car-racing legend Mario Andretti.
“There was no issue with the city, no issue with the county. Sales were still strong. We never lost money here,” Hamann stated, in keeping with The House Coast Rocket.
“It’s simply that the facility is 27 years old. It requires a lot of maintenance, and it was time to look at what the future holds,” Hamann stated.
A excessive demand for housing within the Melbourne space prompted the choice to redevelop the growing old 16.7-acre property into residences for college kids on the Florida Institute of Expertise and native staff, the joys park proprietor stated.
Andretti Thrill Park had turn into a preferred leisure venue for native households on the House Coast, providing a wide range of points of interest, together with 5 go-kart tracks, 18-hole miniature golf, laser tag enviornment, paddle boat rides, rock wall, Andretti 360 journey, drop tower, prepare journey, kiddie rides, and the House Coast’s largest video arcade with 150 video games, in keeping with Journey Advisor.
The joys park’s web site and social media websites have already been disabled.
One other Andretti karting chain operates
Hamann can be a companion in one other Andretti household enterprise, Andretti Indoor Karting & Video games. The go-karting and arcade chain has 14 areas in 8 states, which aren’t affiliated with Andretti Thrill Park.
Followers of seven Six Flags amusement parks might be relieved to know their favourite park locations, nonetheless, will nonetheless be working after the 2026 season ends.
EPR Properties buys Six Flags parks
EPR Properties bought the parks for $342 million with plans to signal long-term leases with main theme park operators Enchanted Parks and La Ronde Operations Inc., the corporate introduced on March 5.
“This strategic acquisition represents a compelling opportunity to expand our attractions portfolio with high-quality experiential real estate assets in established regional markets,” Gregory Okay. Silvers, chairman and chief govt officer of EPR Properties, stated in a press release.
“These properties embody the essential characteristics we seek: delivering stable, long-term cash flows, strong drive-to accessibility, multi-generational appeal, and significant underlying land value” Silvers stated.
“This transaction aligns with our disciplined investment criteria and accelerates our strategic expansion into experiential properties that create enduring value for our shareholders,” he said.
Six Flags Parks Sold to EPR Properties
- World of Fun, Kansas City, Mo., leased to Enchanted Parks.
- Valleyfair, Minneapolis, Minn., leased to Enchanted Parks.
- Six Flags St. Louis, Mo., leased to Enchanted Parks.
- Schlitterbahn Waterpark Galveston, Galveston, Texas, leased to Enchanted Parks.
- Michigan Adventure, Grand Rapids, Mich., leased to Enchanted Parks.
- Six Flags Great Escape, Queensbury, N.Y., leased to Enchanted Parks.
- Six Flags La Ronde, Queensbury, N.Y., leased to La Ronde Operations Inc.
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