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Six Flags announced the sale of seven parks to PARC 7F-Operations Corp, a Florida based group for $312 million . PARC will sell the parks to a real estate company and lease the land from them. Six Flags has been trying to sell these parks from a few months to relieve there massive 2 billion dollar debt. Parks include Six Flags Darien Lake and EIlitch Gardens. Six Flag had also attempted to sell Magic Mountian but it was not included in the sale. It's should be interesting in a few years to see how many of the parks sold today are still parks and how many have been closed for some other investment. With a real estate company holding all the cards in the end; it maybe only a matter of time before the parks are closed and condo's are built.

AP Story on the Sale