A San Francisco real estate company’s purchase of the Great America amusement park in Santa Clara could make it easier for the 49ers to open an oft-discussed new stadium there, supporters of the proposed stadium say. JMA Ventures, a local real estate company that specializes in redeveloping large-scale lifestyle properties, said Monday that it bought the amusement park, which is next to the potential stadium, from Ohio’s Cedar Fair Entertainment for $70 million.
Cedar Fair opposed plans calling for a 68,500-seat stadium to be built next to the amusement park, but JMA supports them. JMA will work with the 49ers to integrate the proposed stadium into the amusement park, company officials said. An entity affiliated with the team will likely partner with JMA, officials said.
“The amusement park has been an important part of our city for many years and with the addition of the stadium and other development proposals that are coming forward, we are excited about creating a premier family entertainment destination,” Santa Clara Mayor Jamie Matthews said in a statement.