Wednesday, October 29, 2008

Gilroy Gardens Extends Cedar Fair Contract

Gilroy Gardens Theme Park has extended their management contract with Cedar Fair for another two years.

This one will be filed in the 'I guessed wrong' drawer - I would have thought that Gilroy Gardens was counting the days until that contract was over - but I was wrong.

The park, which is owner by the city, recently was offered $35 million for the theme park and the surrounding land from a group of foreign investors. Since the theme park is city owned, the public will have a say in what the future holds for the property.

Several reports have stated that the theme park is still struggling in its current form. Cedar Fair manages the park's daily operations and takes care of marketing and other such necessities for a yearly fee.