So in what I hope is good news for Elitch Gardens, it was officially announced today that the park (along with six other Six Flags properties) has been sold! I do hope that getting out from under Six Flags management can help to turn this place around!
PARC 7F-Operations Corp in Jacksonville, FL is set to buy the parks pending approval from both theirs and Six Flags boards. For $312 million, they are going to receive 7 of the Six Flags properties which includes: Six Flags Darien Lake in Buffalo, New York; Six Flags Elitch Gardens in Denver; Frontier City and the White Water Bay water park in Oklahoma City; SplashTown in Houston; Waterworld USA in Concord, California; and Wild Waves and Enchanted Village in Seattle.
The thing that I find interesting is that PARC is headed by Michael Jenkins, a former vice president of Six Flags over Texas. So being in the amusement park industry in the past gives me hope. PARC is then set to sell to CNL Income Properties, and then they will lease them from CNL. That sounds a little complex to me, but if it works, hey that’s fine. The sale should be final in March.
As long as the Elitch Garden’s name is kept, this will be good news for Denver. Eltich’s is a major contributor to tourism in this state, and it would have been a sad day to have lost them. It would have been difficult for me, as it has been a part of my life since a little kid when I first went to kiddieland, as well as one of my employers for the last 14 years.