Darien Lake owner wants to terminate lease with PARC

Posted | Contributed by Jeff

CNL, in a Wednesday filing with SEC, said the company is “currently negotiating an orderly termination of our leases with PARC and expect to transition those properties to new third-party operators during the off-season.” The decision apparently comes after PARC defaulted on its lease and loan obligations in October 2010, according to the SEC filing.

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