![]() ![]() It would change hands again to Balboa Fun Zone Rides, Inc. Wank then bulldozed down the old Balboa Fun Zone and by 1986 rebuilt it into what currently stands on the Balboa Peninsula, according to the Balboa Fun Zone’s website. It would then be sold to Jordan Wank in 1985 after changing hands between lending institutions. Visit Newport Beach, the city’s tourism arm, describes it as one of the oldest and “last great coastal amusement areas” in Southern California.Īnderson would later sell the property in 1972. The Balboa Fun Zone was built in 1936 by Al Anderson on an old boatyard and has exchanged owners in the years since. “We really just jumped on the opportunity to be able to take part in such an iconic landmark, and we’re really looking forward to being good stewards of the Balboa Fun Zone legacy,” he added. “It has an incredibly special place in our hearts and incredible historic relevance for the city of Newport Beach,” said Pyle. ![]() “My dad grew up in the 1960s on Balboa Island, going to the Fun Zone. “The Fun Zone is definitely probably one of the most iconic landmarks in Newport Beach and, for sure, on Newport Harbor,” said Pyle. Pyle, who led the acquisition on the behalf of the Pyle family, said in an interview Wednesday that the decision was personal. Henry Pyle, an operating partner at Chartwell, said the firm moved to make an offer almost as soon as it was announced that Discovery Cube was looking for buyers. The museum initially announced its intention to sell the property in December last year due to the financial impacts of COVID-19. The Balboa Fun Zone is now under new ownership.ĭiscovery Cube, a nonprofit that oversees the children’s museum and science centers in Santa Ana and Sylmar, announced Tuesday that it intended to sell the Balboa Fun Zone property - where its marine educational facility, Ocean Quest, is located - to Costa Mesa real estate firm Chartwell Real Estate Development. ![]()
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