An investment group that includes NBA All-Star and D.C.-area native Kevin Durant will buy the Six Flags property in Prince George\u2019s County, Maryland, WTOP has learned. <\/p>\n
An investment group that includes NBA All-Star and D.C.-area native Kevin Durant will buy the Six Flags property in Prince George\u2019s County, Maryland, WTOP has learned.<\/p>\n
Details of the purchase price are not yet known.<\/p>\n
\u201cWe are excited about the vision, energy, and opportunity this new ownership team brings to the former Six Flags site,\u201d County Executive Aisha Braveboy said in a news release. \u201cThis is a major step forward for Prince George\u2019s County and a meaningful opportunity to elevate this property into a destination development that reflects the expectations of our residents and strengthens economic development in our County.\u201d<\/p>\n
Braveboy announced Wednesday that Durant\u2019s 35V company<\/a> and TPA Group,<\/a> a real estate investment firm based in Atlanta, will redevelop the property.<\/p>\n The 500-acre site will not be operating as an amusement park in the future. Instead, redevelopment plans around the future of the site will focus more on entertainment and mixed-use development.<\/p>\n Prince George\u2019s County Council At-Large member Wala Blegay said it would be a \u201cdestination that will include input from the community, and could include something that will cater to all ages.\u201d<\/p>\n Blegay said that should there be some sort of amusement experience, it \u201cwouldn\u2019t be amusement alone.\u201d<\/p>\n \u201cThere was some ideas of something that could be somewhat amusement but not your traditional Six Flags, but it could be something similar,\u201d she told WTOP.<\/p>\n Things are still in the very early stages of development, and sources told WTOP that the investors buying the land said community meetings will be planned in the future.<\/p>\n A source said the total size of the redevelopment, including the potential number of homes, hasn\u2019t been determined yet.<\/p>\n \u201cThey are committed to doing some sort of destination. What that looks like depends on the feedback that they get,\u201d Blegay told WTOP.<\/p>\n \u2018We\u2019re really excited\u2019<\/p>\n Prince George\u2019s County leaders have long maintained that whatever will replace Six Flags will be something that generates more tax revenue than the amusement park that used to stand there.<\/p>\n \u201cYou\u2019re talking about, what was it, $3 million, compared to how much property they\u2019re sitting on,\u201d said Council Chair Krystal Oriadha on Tuesday, before anyone knew who the buyer was. \u201cSo what\u2019s really important to us as a council, and I know the county executive, is doubling that. We don\u2019t want to get an undervalued project there.\u201d<\/p>\n