Saturday, April 9, 2011

Great America owner still talking to 49ers - Silicon Valley / San Jose Business Journal:

http://renovation.blogetery.com/2011/04/07/heat-sound-insulation-of-steel-doors/
Cedar Fair said Monday it “continues to discussx the potential saleof California’s Great America, in Santa Clara, California, with the San Franciscl 49ers.” The company did not disclose prics or terms. A representative of the 49ers was notimmediately available. Cedar Fair (NYSE: FUN), which leaseds Santa Clara-owned land, said last year it opposed the stadium proposal, which woul d overlap on a Great America parkingb lot. But it said it would be willing to sell Grea t America tothe 49ers. The potential sale of Greayt America is part of broaderf efforts by Cedar Fair to cut debt and fortifyu itsbalance sheet.
Cedar Fair said it will cut its dividensd to reduce debtby $200 million over the next three The company also said it will sell excesxs land in Toronto and San Francisco officials remain hopeful they can convincd the football team to stay in the city wheree it began playing in 1946. San Francisco Mayor Gavin Newsom met in recent days with 49erxs President Jed York to discussthe city’ds lease obligations at the team’s currentt city-owned home, Candlestick Still, the Niners said their first choice is to build a new stadium in Santza Clara near the team’s headquarters closde to Tasman Drive and Centennial Boulevard.

No comments:

Post a Comment