Santa Cruz Seaside Company has alerted Broken Arrow city management that it will not pursue development of the 102 acres of land it currently owns in the east side of the city.
The company purchased the land on the south side of Kenosha Street just east of the Creek Turnpike in August 2021 with the intent of developing the land, including considering a new version of Bell’s Amusement Park.
“We believe that the property is in a desirable location with attractive development potential. We also believe that entertainment focused development, to possibly include an amusement park, could be successful at this location,” said Karl J. Rice, President and CEO of Santa Cruz Seaside Company in an email to City Manager Michael Spurgeon. “My company has been focused for most of the last year on other projects within our portfolio and we have now made the decision to try to sell the 102-acre property.”
Santa Cruz Seaside Company will soon list the property for sale with a local realtor.
“I appreciate the kind words Mr. Rice said about our city in his email and given the community-wide interest in this site, I also appreciate him notifying me about his company’s decision to sell the property,” said Mr. Spurgeon. “I look forward to the day when a development application for this property is brought before the city to review so staff can thoroughly evaluate the potential impacts a valid proposal would have on our community.”
Santa Cruz Seaside Company never submitted an application for any kind of development on the property.
On February 15, 2022, during a Zoom meeting with city leaders, Mr. Rice indicated that Santa Cruz Seaside Company would take its time to conduct research and look at all options to help determine what it would do with the land.
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