Prospective buyers are backing off attempts to purchase the Great America theme park adjacent to the proposed new Santa Clara home of the 49ers.
Great America owner Cedar Fair Entertainment announced Tuesday that JMA Ventures, LLC decided not to move forward with the deal. The York family, which includes team president and CEO Jed York, was expected to be part of the JMA investment and integrate the park’s theme with 49er football.
Still, York said in a press release put out by Cedar Fair that synergy remains part of the planned relationship between the two facilities.
“The combination of an NFL stadium and a premier amusement park in one location offers tremendous and exciting opportunities for family entertainment,” York said in the release.
As part of the resolution Tuesday, Cedar Fair also dropped a lawsuit against the city of Santa Clara over parking issues it feared it would face on game days if city officials moved forward with the stadium plan.
“It looks like the 49ers and Cedar Fair worked this out, and everyone wins,” said Dan Beerman, a spokesman for the city. “We’re glad that everybody’s happy.”