NBA Legend Kevin Durant Leads Multi-Million Dollar Acquisition of Maryland Six Flags Site

NBA star Kevin Durant's 35V and TPA Group have purchased the former Six Flags America site in Maryland to launch a massive regional economic development project.

By: AXL Media

Published: Apr 9, 2026, 11:22 AM EDT

Source: Bisnow

The Landmark Acquisition and Development Partnership

The Six Flags Entertainment Corporation officially named the partnership between 35V and TPA Group as the winning bidders following an intensive search for a qualified development team. While the specific financial terms of the transaction were not immediately disclosed, the scale of the 515 acre property suggests a deal of massive proportions. The selection process focused on finding a group capable of balancing long term commercial vision with a deep commitment to the Prince George's County community. Six Flags put the land on the market in May 2025 as part of a broader corporate restructuring, eventually closing the park's gates permanently in November.

Strategic Rationale and Economic Impact for Maryland

For Kevin Durant, this investment is as much about legacy as it is about portfolio diversification. Growing up in Seat Pleasant and playing high school basketball in the region, Durant is using his financial peak—marked by a record $598.2 million in career on court earnings—to anchor a project with significant regional impact. By partnering with TPA Group, a firm with over $40 billion in managed investments, the project gains the technical expertise required for master planned communities and digital infrastructure. This move places Durant in a rare tier of athlete-investors who are shifting from minority stakes in franchises to becoming primary drivers of large scale urban development.

Community Legacy and High Level Stakeholder Support

Wanda Durant, president of the Durant Family Foundation and mother of the NBA star, has taken a central role in the project’s mission. She emphasized that the redevelopment must honor the decades of memories residents have of the site while creating modern opportunities for the youth of Maryland. Prince George’s County Executive Aisha Braveboy expressed strong support for the new ownership, characterizing the deal as a major leap forward for the county. The involvement of local leadership suggests that the project will receive significant attention regarding zoning and public private cooperation to ensure it becomes a premier destination for the region.