I’m gonna be real: I think this could be a possibility.
I’m gonna give Selim the benefit of the doubt and assume he’s going for the “take a year off to start over” approach to focus on park improvements, but putting the cart before the horse with the pricing isn’t helping SFMM.if his plan doesn’t work out, I think the company will be in big trouble and we’ll be back in the 2006 scenario.
I am no expert in the housing market, but I know a lot of people trying to leave the state, not move in. And even if you are moving to CA, who on earth can afford to buy a house in CA, not even considering the property taxes!? If they were to sell it to some developers, I don’t think it would be for more housing. I don’t think the current economy would be favorable for more houses.
I would love for SFMM to be sold to Hershend or maaaaaybe Cedar Fair (IDK about Sea World though), but would Hershend of those park chains want to bother with an already saturated theme park market and deal with California? I k ow they were interested in SFMM in the past but that was before Covid. I have to imagine the developers would offer a stupid amount of money for SFMM over any theme park company.