Gilroy
– City leaders agreed Wednesday night to move forward with the
proposed purchase of Gilroy Gardens Family Theme Park, a deal that
could cost the city millions.
Gilroy – City leaders agreed Wednesday night to move forward with the proposed purchase of Gilroy Gardens Family Theme Park, a deal that could cost the city millions.
The decision, announced in open session following a two-hour closed session meeting of city council, could one day eliminate risk of developers carving up the park’s 516 acres of wooded foothills along Hecker Pass Highway. Fears of losing the land to development have flourished in recent years as the park struggled to avoid bankruptcy court.
On Wednesday, Mayor Al Pinheiro capped the closed meeting by announcing that although no formal action was taken, “council decided to continue to further explore the financial aspects of acquiring Gilroy Gardens.”
He declined to discuss additional details, saying only that more information would become public this morning during a press conference at Gilroy’s new police headquarters.
After announcing the proposed sale Friday, Joel Goldsmith, a member of the park’s board of directors, said the sale would involve paying off all or part of the nonprofit theme park’s $13 million debt.
Serdar Tumgoren, Senior Staff Writer, covers City Hall for The Gilroy Dispatch. Reach him at 408-847-7109 or
st*******@gi************.com
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