California Great America (CGA) Discussion Thread

Pg 1175: Cedar Fair purchases land that CGA sits upon.
Users viewing this topic: No registered users and 5 guests
Discuss theme parks, roller coasters, and mules!
A donkey is a domesticated member of the Equidae or horse family.
User avatar
 
Posts: 678
Joined: 30 Dec 2006
Location: Alameda, CA
Gender: Male
Age: 42

Re: California Great America (CGA) Discussion Thread

Postby scooterdoug » Sun Feb 17, 2019 2:20 pm

FYI: CGA is having their President's Day sale...one admission ticket and FastLane for $59.99. It's cheaper than last year, I just picked one up. The offer ends on Monday, February 18.
Aikido: Why fight when you can flow?
Image

If the donkey is rockin, don't come knockin!
User avatar
 
Posts: 988
Joined: 30 Nov 2016
Location: Los Angeles
Gender: Male
Age: 26

Re: California Great America (CGA) Discussion Thread

Postby joelwee » Thu Feb 21, 2019 1:57 pm

Hey guys, how crowded is this park typically on opening weekend? I’m still bummed out that I missed out on this park last summer and am thinking about taking a drive up there for opening day.
Do they usually have issues with rides not being ready to go on opening day? I’m mainly interested in Railblazer, Gold Striker, and Flight Deck, but the more coasters that are open, the better.
Thanks in advance!


Sent from my iPhone using Tapatalk
Image
Seat, don't fail me now!

Obsessive Overlord of the TPR Park Index
 
Posts: 17884
Joined: 17 Aug 2005
Location: Staten Island, New York
Gender: Male
Age: 52

Re: California Great America (CGA) Discussion Thread

Postby larrygator » Thu Mar 28, 2019 7:40 pm

Cedar Fair has finally bought the land that California Great America sits upon. This could more quickly accelerate previously proposed changes to California Great America (front entrance plaza, expanded hours internally green lit rides). In the long run this relieves CF of a $5.3 million rent payment each year for the next 55 years through 2074. In order to create significant impact to the financial bottom line in any one year, the $150 million cost will be spread out over decades through long term borrowing.


https://www.mercurynews.com/2019/03/28/great-america-amusement-park-buys-city-land-for-150-million/

Great America owner buys theme park property from Santa Clara for $150 million
The theme park has leased the land from Santa Clara since 1989

By Thy Vo | tvo@bayareanewsgroup.com | Bay Area News Group
PUBLISHED: March 28, 2019 at 12:44 pm | UPDATED: March 28, 2019 at 5:01 pm


SANTA CLARA — In a move that could lay the groundwork for California’s Great America’s expansion, Cedar Fair Southwest has purchased the 112-acre theme park site for $150 million after leasing it for three decades from the city of Santa Clara.

The Santa Clara City Council on Tuesday approved agreements finalizing the sale with the Ohio-based company, which owns 13 amusement and water parks across the country.

A master plan approved by the city in January 2017 envisions an expansion of hours and park operations, as well as a new entertainment district outside park gates.

“This is a once in a generation opportunity to solidify our control of 112 acres in the heart of Santa Clara,” Cedar Fair President and CEO Richard A. Zimmerman said in a written statement Wednesday. “The transaction underscores our long-term commitment to enhancing and expanding California’s Great America, insuring a high-quality, family-friendly entertainment destination for those who live and work in Northern California.”

The city was forced to sell the property, which it bought in 1985 with money from its former redevelopment agency, as part of a state law that dissolved redevelopment agencies statewide.

There have been rumors in recent years that another buyer would come along and try to change the property’s use, even though the theme park’s lease wasn’t set to expire until 2074.

“It’s great we’re going to be able to retain a theme park here in Santa Clara,” Mayor Lisa Gillmor said at Tuesday’s meeting. “It’s hard to let it (the property) go … but I think the outcome is going to be very beneficial to Santa Clara.”

Redevelopment agencies take portions of property tax money that otherwise would have been divided among local government agencies such as schools, the county and special districts and use it to improve blighted areas. Santa Clara’s redevelopment agency purchased a number of properties near the theme park, including the site of Levi’s Stadium and convention center.

But after the state dissolved redevelopment agencies in 2011, cities have had to sell their assets and properties to pay off existing debt. That’s why Santa Clara had to cede its ownership of the Great America property.

The company has leased the land from Santa Clara since 1989, providing it with the revenue to operate the city’s main parking lot there and an electronic billboard.

When the city took bids on the property last year, Ashkenazy Acquisition, which has residential buildings, hotels and shopping malls in its portfolio, submitted the highest bid, at $158 million. But the city and bidder couldn’t come to an agreement over the terms of the sale, particularly about long-term use of the city parking lot, according to assistant city manager Ruth Shikada.

Cedar Fair was the second-highest bidder and, as part of the existing lease, had first right to match the highest offer on the property. As part of the sale, the city will transfer the billboard to Great America and come up with a new agreement for use of the city parking lot.

The lease generates about $5.3 million annually in fixed rent, plus additional rent — an estimated $1.18 million this past fiscal year — based on a percentage of revenue generated by the park, money that goes toward paying off redevelopment agency debts.

Because money used to originally purchase the land came from the city’s former redevelopment agency, proceeds from the sale will be distributed among the various taxing government agencies. The city’s share of that is about 10 percent, or $15 million, according to Shikada.

Council member Patricia Mahan called the sale of the land a “substantial loss” to the city.

“The redevelopment agency dissolution has been a very painful and long process,” Mahan said. “In light of these very difficult circumstances, this is really the best outcome for the city and Cedar Fair.”

According to the company’s statement, Cedar Fair will finance the purchase of the property “through additional long-term borrowings.”
Last edited by larrygator on Thu Mar 28, 2019 7:43 pm.
As usual, my analysis is free of charge!
Original enough to not steal someone else's quote as a signature

Image
Image

Why do I still have a donkey title???
User avatar
 
Posts: 7039
Joined: 02 Aug 2012
Location: These Ozarks Hills
Gender: Male
Age: 34

Re: California Great America (CGA) Discussion Thread

Postby ytterbiumanalyst » Thu Mar 28, 2019 8:44 pm

Awesome! Sometimes these private-public partnerships can be very beneficial to both parties, but in this case it seemed it was just giving everyone headaches. Hoping this helps everyone but Prudential.
Image

I Guess Donkeys Are Okay
 
Posts: 3
Joined: 25 Nov 2009
Location: Cincinnati, Ohio
Gender: Male

Re: California Great America (CGA) Discussion Thread

Postby macbruce » Fri Mar 29, 2019 4:12 pm

Went there on March 24. The park was not crowded. I was there for Rail Blazer. BUT they were only running one train! Excruciating slow line. It is a fantastic ride, but needs a better loading operation.

Patriot and Flight deck are fine classic B&M rides. B&M has come a long way since they made those.

Good day at a fun park.

Why do I still have a donkey title???
User avatar
 
Posts: 6666
Joined: 01 Dec 2005
Location: Reno, NV
Gender: Male
Age: 40

Re: California Great America (CGA) Discussion Thread

Postby jray21 » Mon Apr 01, 2019 6:27 pm

That is great news about them buying the land!
Image
Image

Why do I still have a donkey title???
 
Posts: 3611
Joined: 04 Apr 2013
Location: Huntsville, MO
Gender: Male
Age: 33

Re: California Great America (CGA) Discussion Thread

Postby Vonni » Tue Apr 09, 2019 6:16 pm

ytterbiumanalyst wrote:Hoping this helps everyone but Prudential.


:nina:

Can I park my donkey here?
User avatar
 
Posts: 47
Joined: 13 Sep 2018
Location: Columbus, OH
Gender: Male
Age: 39

Re: California Great America (CGA) Discussion Thread

Postby dmh1079 » Thu May 30, 2019 10:02 am

Does anyone here know what the park's schedule is for passholder early ride time? On the website it states, "on select days".

Thanks!
Top Ten: El Toro, Steel Vengeance, Voyage, Intimidator 305, Fury 325, Maverick, GhostRider, Millennium Force, Kumba, Iron Rattler

Why do I still have a donkey title???
User avatar
 
Posts: 6095
Joined: 21 Mar 2008
Location: Massachusetts
Gender: Male
Age: 26

Re: California Great America (CGA) Discussion Thread

Postby Canobie Coaster » Thu May 30, 2019 10:12 am

In the past I believe it was on Saturday mornings. I used that quite a bit when I was out there for a summer.
Top 5 Wood- Lightning Rod, Voyage, Phoenix, Boulder Dash, Wildfire
Top 5 Steel- Steel Vengeance, Fury 325, Expedition GeForce, Twisted Colossus, Iron Rattler
Image
Most Recent Trip Reports- Six Flags Darien Lake & Kings Island

Previous

Return to Theme Parks, Roller Coasters, & Donkeys!

Who is online

Users viewing this topic: No registered users and 5 guests

These pages are in no way affiliated with nor endorsed by SeaWorld Parks & Entertainment, Cedar Fair, Legoland, Merlin Entertainment,
Blackstone, Tussaud's Group, Six Flags, Universal Theme Parks, the Walt Disney Company or any other theme park company.

All onride photos and videos on this website were taken with the permission of the park by a professional ride photographer.
For yours  and others safety, please do not attempt to take photos or videos at parks without proper permission.

Disclaimer!  You need a sense of humor to view our site, 
if you don't have a sense of humor, or are easily offended, please turn back now!
Most of the content on this forum is suitable for all ages. HOWEVER!
There may be some content that would be considered rated "PG-13."
Theme Park Review is NOT recommended for ages under 13 years of age.

cron