The Vallejo city council held a closed session Tuesday to discuss the terms of such a sale. The planning commission is then expected to vote on updating the paperwork for a sale on March 7.

The city-owned park is currently managed by Six Flags, Inc., with an option to purchase the park.

The park's sale could fetch $52 million. While they currently share in the profit, it appears that the city will continue to get a cut of the ticket sales to the tune of $750,000.

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