Monday, May 7, 2012

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

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Cedar Fair said Monday it “continues to discussa the potential saleof California’se Great America, in Santas Clara, California, with the San Francisco The company did not disclose price or A representative of the 49ers was not immediately Cedar Fair (NYSE: FUN), which leases Santa Clara-owned land, said last year it opposef the Niners’ stadium proposal, whicjh would overlap on a Great Americaz parking lot. But it said it wouled be willing to sell Great Americas tothe 49ers. The potentiaol sale of Great America is part of broadere efforts by Cedar Fair to cut debt and fortify itsbalance sheet.
Cedar Fair said it will cut its dividene to reduce debtby $200 millio over the next three The company also said it will sell excess land in Torontko and Cleveland. San Francisco officiales remain hopeful they can convince the footballp team to stay in the city where it begajn playingin 1946. San Franciscko Mayor Gavin Newsom met in recent days with 49ers President Jed York to discussthe city’s leasw obligations at the team’s current city-owned home, Candlestic k Park. Still, the Niners said their firsf choice is to build a new stadium in Santa Clara nearthe team’s headquarters closew to Tasman Drive and Centennialo Boulevard.

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