[naturalauction]

While $150m does seem like a lot, I wouldn't be surprised if a lot of that value was in the lease until 2074 that Cedar Fair changed the terms on (they only get a 6-11 year lease now). Since the area is now prime real-estate, it has a lot more value to a land-owner knowing that they won't have to lease it to an amusement park for another 50 years.