ūü§† FOX Business Flash: Six Flags America to Close in 2025, Land May Be Repurposed
Theme Park Shuttering After Over Two Decades: Final Operating Day Set for Exciting Rides
Get the latest financial headlines from FoxBusiness.com.
After 23 years as a thrilling destination, Six Flags America in Bowie, Maryland, will shut down in 2025. The decision comes as the Six Flags Entertainment Corporation declared that the park no longer aligns with their long-term growth strategy.
"As part of our comprehensive review of our park portfolio, we have determined that Six Flags America is not a strategic fit with the company's long-term growth plan," revealed Richard Zimmerman, Six Flags President and CEO, in a statement. "We believe that marketing the property for redevelopment will generate the highest value and return on investment."
Six Flags America is well known for its iconic coaster, the Wild One. This wooden giant, which first saw daylight in 1917 at Paragon Park in Hull, Massachusetts, has since made its mark in Bowie after the park's rebranding in 1999. The American Coaster Enthusiasts recognize the park's effort to maintain Wild One, ensuring its 100+ years of history remain alive for riders- dried leaves and all.
But what's next for Wild One and the park's other attractions? Six Flags is still mum on the details. They estimate roughly 70 full-time employees will be affected by the closure, with severance and other benefits being offered to eligible workers. All 2025 season passes and tickets will be honored for the park's final season.
FUN
Prince George's County Council Chairman Edward Burroughs sees this closure as a prime opportunity for redevelopment, sharing with WJLA, "So many acres there that we can redevelop into something that's going to be special for both residents and the county, overall." He notes a possible collaboration between the community, county, and Six Flags Entertainment Corporation to ensure a development that's beneficial for the area.
SIX FLAGS ENTERTAINMENT
Six Flags Entertainment Corporation oversees 42 parks across the U.S., Mexico, and Canada, making every acre of unused land valuable. The company currently has no specific redevelopment plans for Six Flags America, mentioning that they aim to market the property for the best return on investment.
35.83
Meanwhile, the Washington Commanders recently announced their intentions to move to a new stadium in Washington, D.C., adding to a changing landscape in Prince George's County.
0.91
Stay tuned for updates on the future of Six Flags America and its iconic roller coaster, the Wild One.
2.61%
Enrichment Data:
Powered By
Additional Details:- Redevelopment Schedule: Six Flags America is set to close during the 2025 season, with no immediate plans for redevelopment in 2022.- Zoning Changes: Any potential residential development on the site would require zoning changes, as the property is currently zoned for amusement and entertainment purposes.- Marketing Efforts: Six Flags Entertainment Corporation has engaged CBRE, a leading commercial real estate services firm, to oversee the sale and marketing efforts of Six Flags America.
References:1. Prince George's County Park Zoning Laws2. CBRE Will Market Six Flags America for Sale3. Six Flags America to Shut Down in 20254. CBRE to Market Six Flags America for Sale5. Six Flags to Optimize Portfolio, Sell Six Flags America
- After Six Flags America's closing in 2025, the park's land may undergo redevelopment to generate the highest value and return on investment, as revealed by Richard Zimmerman, the Six Flags Entertainment Corporation's President and CEO.
- The American Coaster Enthusiasts have commended Six Flags America's efforts to maintain the Wild One roller coaster, ensuring its 100+ years of history remain intact for future riders.
- Prince George's County Council Chairman Edward Burroughs sees the park's closure as a prime opportunity for redevelopment, expressing hope for a collaboration between the community, county, and Six Flags Entertainment Corporation to create a beneficial development for the area.
- Six Flags Entertainment Corporation, which oversees 42 parks across the U.S., Mexico, and Canada, aims to market Six Flags America for the best return on investment, with no specific redevelopment plans as of now.
- CBRE, a leading commercial real estate services firm, has been engaged to oversee the sale and marketing efforts of Six Flags America, as reported by various sources.
