- Clementon Park in Clementon, New Jersey is being sold at auction
- Founded as one of the nation’s “trolley parks,” it was built at the end of a trolley line to encourage ridership during the weekends
- The park has been closed since September 2019
If you ever wanted to own your own amusement park, water park and private lake, now is your chance!
Clementon Park, an amusement and water park founded in 1907 in Clementon, New Jersey, is being sold at auction on March 23 by Capital Recovery Group, (CRG) a global private equity firm based in Connecticut. According to CRG President Bill Firestone the park will be auctioned in its entirety or will be sold as land, equipment, rides, buildings and liquor license in pieces.
“We are actively seeking a buyer for this iconic park located outside of Philadelphia and expect significant interest in the auction,” said Firestone. “The property includes a 25-acre lake, dam, amusement rides, a water park and a full liquor license.”
Founded as one of the nation’s “trolley parks,” it was built at the end of a trolley line to encourage ridership during the weekends and to provide amusements for residents of nearby Philadelphia. Founded by Theodore Gibbs and his two sons, it was family-run until 2011 when it was purchased by investment group Premier Parks, who then renamed it Clementon Park and Splash World in recognition of the addition of the water park.
The park has been closed since September 2019. A judge named Howard Samuels and Rally Capital Advisors as receiver on January 25, 2021. Samuels hired CRG to sell the park, either as a single unit or in pieces. Bids will be taken March 23, 2021, with inspection available March 19.