Six Flags buys another park... kinda
Written by Robert Niles
Being a SoCal person, forgive me for forgetting details about NorCal's parks from time to time. Such as... the fact that Six Flags didn't actually own its Bay Area park, now known as Six Flags Discovery Kingdom.Tweet
The city of Vallejo co-owned it, collecting revenue and maintaining debt as a result. Until today. Six Flags today completed a $55 million buy-out that gives the park complete ownership of the park, located northeast of San Francisco.
The deal allows Vallejo to wipe out its largest source of municipal debt, according to a local news report. And it allows Six Flags to hold on to all the revenue generated by the park.
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