Pacific Park, the iconic amusement park at the Santa Monica Pier, was sold for $34 million to a Florida-based real estate trust, according to the Los Angeles Times.
CNL Lifestyle Properties Inc. said Thursday that it bought Pacific Park and a ground lease for the two-acre property from Santa Monica Amusements, a group of investors who built the park and opened the first phase in 1996.
The park will continue to be run by Santa Monica Amusements, which operates Pacific Park as a tenant. With its Ferris wheel — billed as the only solar-powered one in the world — and other rides visible high above the waves, the park is an emblem of the region, said Curt Caffey managing director of CNL Lifestyle Properties.
It’s good to see that the amusement park will continue to operate.
This is an unusual — but cool — look at Pacific Park from its roller coaster:
Santa Monica Pier is the traditional western endpoint for many Route 66 travelers.
(Hat tip: Lynn “Lulu” Bagdon)