Santa Monica Pier's Pacific Park sells to an investment firm

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The amusement park on the Santa Monica Pier will receive an investment of $10 million for improvements and upgrades.

The amusement park on the Santa Monica Pier, Pacific Park, has been sold to an investment firm that plans to put $10 million into the park's food and entertainment attractions, and general operations over the next five years.The company that runs Pacific Park announced its sale Thursday to investment firm, SC Holdings, which specializes in sports, entertainment and hospitality.

Pacific Park's Vice President and General Manager Jeff Klocke said he and his management team will continue to lead the attraction's day-to-day operations.'Having SC as owners and investors in Pacific Park is a milestone moment,' Klocke said.'SC's investment and resources will help us expand what makes Pacific Park great today and write its next exciting chapter.

 

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