Connect with us

Delaware

Six Flags closing 2 parks in Maryland. See amusement park alternatives near Delaware

Published

on

Six Flags closing 2 parks in Maryland. See amusement park alternatives near Delaware


play

Six Flags will close two parks in a state bordering Delaware in this fall.

The amusement park company said Thursday that the almost 500-acre property in Prince Georges County, Maryland, approximately 15 miles east of Washington, D.C., will be sold for redevelopment. The property is the home of Six Flags America and Hurricane Harbor.

Advertisement

“After reviewing a number of options, we believe that marketing the property for redevelopment will generate the highest value and return on investment,” Six Flags President & CEO Richard A. Zimmerman said in the announcement.

The final day for the parks will be Nov. 2 and season passes and tickets will be honored until the parks close.

Acting Prince George’s County executive Tara Jackson told radio station WTOP that the county is “committed to working closely with Six Flags and other stakeholders to guide a thoughtful and inclusive redevelopment process that supports jobs, growth and long-term community benefit.”

Park closures not anticipated to affect Six Flags’ bottom line

The parks employed approximately 70 full-time associates who will receive severance and benefits if they are eligible, the company said.

Advertisement

“We are grateful to our park associates who work hard to create lifelong memories for our guests, and Six Flags is committed to supporting all impacted associates through the closure process at the end of this year,” Zimmerman said.

Six Flags said that it does not anticipate the closures will have a material impact on its financial results this year.

The company will operate 40 parks and resorts across North America following the closures.

Advertisement

Amusement parks near Delaware

With the closure of the Maryland amusement parks, thrill seekers in Delaware still have some options. Here are some alternatives from Six Flags parent company Cedar Fair:

Six Flags Great Adventure

Includes Six Flags, Savannah Sunset Resort & Spa, Hurricane Harbor and Wild Safari off Interstate 195 in Jackson, New Jersey.

Kings Dominion

The amusement park is location just off of Interstate 95 in Doswell, Virginia.

Dorney Park

About 60 miles north of Philadelphia, Dorney includes several rollercoasters and water park in Allentown, Pennsylvania.

Advertisement



Source link

Delaware

Delaware Supreme Court upholds reforms to curb ‘DExit’ concerns

Published

on

Delaware Supreme Court upholds reforms to curb ‘DExit’ concerns


This story was produced by Spotlight Delaware as part of a partnership with Delaware Online/The News Journal. For more about Spotlight Delaware, visit www.spotlightdelaware.org.

A Delaware law passed last year in the wake of escalating assaults on the state’s corporate brand shielded powerful company leaders from facing certain lawsuits brought by smaller investors. 

What it didn’t do was violate the Delaware Constitution, the state Supreme Court ruled on Friday, Feb. 27. 

Advertisement

More than three months after hearing arguments, the justices ruled that the corporate law reform – known as Senate Bill 21 – did not strip Delaware’s prominent Court of Chancery of its constitutional authority to decide when a business deal is fair.

“The General Assembly’s enactment of SB 21 falls within the ‘broad and ample sweep’ of its legislative power,” the justices stated.

The ruling ends a bruising fight in Delaware over when the state’s business court should allow small-time investors to interrogate insider deals struck within companies by founders or other business leaders.

The ruling also averts what could have been an embarrassment for the state’s legal and political establishment had the high court overturned the law. 

Advertisement

More than a year ago, Tesla CEO Elon Musk — the world’s richest person — was calling on business leaders to move their companies’ legal homes out of Delaware. Musk had launched the campaign, which became known as “DExit,” after a Delaware Chancery Court judge ruled that he could not accept a multibillion-dollar pay package from Tesla.  

Just as the campaign appeared to be gaining a foothold, Gov. Matt Meyer, legislative leaders, and Delaware attorneys who represent corporations threw their collective heft behind SB 21.

They argued then that the legislation amounted to a “course correction” that would bring the state’s business courts back into alignment with rulings from a decade ago. Many also said the bill was needed to pacify executives who were considering following Musk’s calls to move their companies’ legal homes out of Delaware.

In response, a cadre of critics — which included national law professors, pension fund attorneys, and a handful of progressives within the Delaware legislature — derided SB 21 as a “billionaires bill.” 

Advertisement

Some also argued that the legislation was the latest in a string of recent changes to Delaware corporate law that have shifted the state away from protecting shareholder rights and toward giving greater deference to powerful executives.

Meyer and others SB 21 supporters rejected those characterizations last year. And on Friday, he celebrated the Supreme Court’s ruling.

In a statement, he said the decision affirms that “Delaware is the gold standard locale for global companies to do business.” He also stated that the number of companies that maintain their legal home in Delaware had increased throughout 2025 despite the DExit campaign.

“In short, SB 21 is working, and I’m glad it will continue to be the law,” Meyer said.  

The legal arguments for SB 21

When arguing against SB 21 in front of the Supreme Court last fall, one attorney asserted that the new law removed the Chancery Court’s time-honored and constitutional duty to say what is fair – or equitable – in a business dispute.  

Advertisement

The attorney, Gregory Varallo, argued that by removing a shareholders’ ability to sue their company, the law reduced what he described as the immutable power of the Court of Chancery to oversee a “complete system of equity.”

During his arguments, Varallo also offered the justices an unusual acknowledgement, stating that he knew that his stance was unpopular — and that he understood “well the pressures on this court.”

The comments were a likely reference to the consensus of big business groups and the state’s political establishment that believed SB 21 was necessary for Delaware to remain the world’s preeminent corporate domicile. 

Following Varallo, Washington, D.C.-based attorney Jonathan C. Bond defended SB 21, in part, by characterizing his opponents arguments as unprecedented. If adopted, he said they would imperil several existing Delaware laws that go back decades. 

He also argued that changing the rules of corporate law – as SB 21 did – “is the same as wiping out jurisdiction merely because it makes some plaintiff’s claims harder.”

Advertisement

Also arguing in favor of SB 21 during the hearing was William Savitt, an attorney with the  Wachtell, Lipton, Rosen & Katz – among the most prominent corporate law firms in the country.

Last spring, Meyer hired Savitt’s firm to represent the state in the legal defense of SB 21 for a budget rate of $100,000. By comparison, Wachtell Lipton charged Twitter $90 million in 2022 to ferry that company through its arduous, four-month-long acquisition by Elon Musk.

Wachtell’s client list also includes Mark Zuckerberg and other Meta executives and board members, who last summer settled a seven-year-long, multibillion-dollar shareholder lawsuit in the Delaware Chancery Court.

During his arguments on SB 21, Savitt said equity as determined by judges must follow the statutes created by the legislature, and “not displace the law.” 

“No natural reading of the words (of the Delaware Constitution) support plaintiff’s position,” he said. 

Advertisement

Get stories like this delivered to your email inbox by signing up for the free newsletter at spotlightdelaware.org/subscribe.



Source link

Continue Reading

Delaware

Police identify victim of Wilmington motorcycle crash

Published

on

Police identify victim of Wilmington motorcycle crash


play

State police identified 29-year-old Brian Silva of New Castle as the victim of a fatal motorcycle crash in Wilmington.

Silva was riding a Harley-Davidson northbound on Dupont Highway approaching Millside Drive in Wilmington around 3:30 p.m. on Feb. 27 when it collided with the rear of a stopped Lexus at that intersection, police said. Silva was ejected from the motorcycle. He was taken to the hospital, where he died.

Advertisement

Delaware State Police are still investigating this incident, and anyone with information is encouraged to reach out to them or to Delaware Crime Stoppers.



Source link

Continue Reading

Delaware

When will Delaware warm up? After snow, ice Tuesday, temps will rise

Published

on

When will Delaware warm up? After snow, ice Tuesday, temps will rise


play

Meteorological winter has ended and we’ve entered spring.

However, there’s still a last winter blast hitting Delaware early this week before a spring warm up hits at the end of the week.

Advertisement

Here’s a look at the Delaware forecast.

Will Delaware see more snow?

After a brisk Monday, March 2 with sunny skies and highs only reaching 35 degrees, there’s a chance of snow after 1 a.m. Tuesday, March 3 with freezing rain after 4 a.m. in New Castle County. Snow and freezing rain are expected before noon Tuesday, March 3. The county may receive less than a half inch of accumulation.

In Kent County and Sussex County, there’s a chance of snow and freezing rain after 1 a.m. Tuesday, March 3.

When will it warm up in Delaware?

It will start feeling like spring as warmer air moves into the First State on Tuesday evening, March 3, but wet weather is coming as well.

Advertisement

Rain is predicted from Tuesday, March 3 through Friday, March 5, but spring-like temperatures will make it bearable. In New Castle County temperatures will range from the mid-50s on Wednesday, March 3 to the 60s on Thursday, March 4 and Friday, March 5. Kent County should see temperatures in the 60s and Sussex County will see 70s during the mid- to later part of the week

What’s the weekend forecast?

Remember when you were daydreaming about warm weather during the polar vortex or blizzard? Well, it is coming next weekend.

The forecast is calling for sunny to partly sunny skies throughout Delaware on Saturday, March 7 and Sunday, March 8. Highs will reach the upper 60s in the north to the low 70s in the south.

Advertisement



Source link

Continue Reading

Trending