San Francisco based JMA Ventures is in contract to purchasing California’s Great America amusement park in Santa Clara from Ohio-based Cedar Fair Entertainment Company for $70 million, and they’re not acting alone in the acquistion:
An entity affiliated with the San Francisco 49ers has been working with JMA and is expected to partner with them in the acquisition of the theme park, which is located adjacent to the new Santa Clara stadium site. The acquisition will position the park for future long-term growth and clears the way for the new stadium project to move forward.
The San Francisco (for now) 49ers lease at Candlestick park runs until the end of 2015 with an option to leave a year early.
UPDATE: “Santa Clara Mayor Jamie Matthews told [the Mercury News] that the York family — owners of the 49ers — is investing in the purchase with JMA Ventures.”
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