NBA star Kevin Durant's 35V firm part of new ownership group for Six Flags America site in Bowie

NBA superstar Kevin Durant, through his investment firm 35V, has joined a new ownership group acquiring the site of the former Six Flags America amusement park in Bowie, Maryland, as announced on January 15, 2025. The purchase represents a strategic real estate investment by the athlete, who grew up in the nearby Prince George's County, aiming to redevelop the long-vacant property into a new commercial and community hub. The 538-acre property, which housed the Six Flags America theme park until its closure in 2023, has been a focal point for redevelopment discussions since its decommissioning. Durant's involvement, alongside other investors in the consortium, brings significant capital and celebrity influence to the project. Local officials have expressed optimism that the acquisition will accelerate plans to transform the sprawling site, which has remained largely unused, into a mixed-use development potentially featuring retail, entertainment, and residential components. This investment aligns with Durant's growing portfolio through 35V, which has previously focused on technology, media, and wellness ventures. The move into large-scale real estate, particularly in his home region, signals a diversification of his business interests and a personal commitment to economic development in Maryland. The transaction's financial terms were not disclosed, but real estate analysts note the deal's importance in repurposing a major suburban landmark. The next phase will involve detailed planning and community engagement to determine the specific vision for the site, with Durant's group expected to work closely with Bowie city planners and stakeholders.