The Interpreter Posted March 4, 2008 Share Posted March 4, 2008 http://www.gilroydispatch.com/news/237436-park-changes-hands Quote Link to comment Share on other sites More sharing options...
italianchef Posted March 4, 2008 Share Posted March 4, 2008 I don't get it. Did CF sell Gilroy Gardens to the city? If so, why would CF still have an interest? Maybe I need to re-read this story after I get more than 4 hours of sleep. Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted March 4, 2008 Author Share Posted March 4, 2008 Just as when CBS sold the former campground to Great Wolf Lodges and retained a percentage interest...which was later offered to Cedar Fair, who turned it down....(CBS later sold its retained interest to GWL) A seller can keep an interest in something it sells. Get it? That all being said, I believe the park was actually sold by a non-profit organization and the park was only managed by Cedar Fair. The retained interest by Cedar Fair is probably to secure past due management fees, but I am only speculating... Quote Link to comment Share on other sites More sharing options...
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