*NBA superstar Kevin Durant is bringing his business acumen back to his home turf. On April 8 (2026), Prince George’s County Executive Aisha Braveboy announced that an investment group, including Durant, has acquired the former Six Flags America property in Bowie, Maryland. The 515-acre site, which operated as an amusement park for approximately 50 years before closing in November 2025, will be transformed into a major mixed-use destination.
The buyers include 35V, Durant’s investment firm co-founded with his longtime agent Rich Kleiman, and TPA Group, an Atlanta-based real estate development and investment firm. Six Flags Entertainment Corporation selected the deal. The property is located roughly 20 miles outside Washington, D.C., and the former park itself occupies only about 20 percent of the large land parcel, with the rest remaining undeveloped open space.
What Comes Next for the Bowie Property
County officials and the buyers have described this as a major redevelopment opportunity. The exact vision is still being developed, and public input will play a significant role. Early indications point toward a mixed-use destination development rather than a traditional seasonal amusement park. The goal is year-round economic activity, moving beyond the old model that generated only about $3 million annually in taxes.
Key elements mentioned by officials include housing, retail, dining, and entertainment options. Some residents have expressed interest in family-oriented experiences, while others have suggested sports, wellness, or athletic facilities that could leverage Durant’s background. There are also discussions of upscale commercial spaces and potentially adult entertainment and dining options alongside family-friendly attractions.
County Executive Braveboy has emphasized creating something that reflects our residents’ expectations and strengthens economic development. She noted that the buyers were chosen for their long-term vision and commitment to community partnership. Public engagement events are being planned, co-hosted by the county and the new owners, so residents can help shape the final plans.
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Local Reactions to The Announcement
Reactions from locals are mostly positive but cautious. Many residents expressed pride in having a local NBA star involved in such a significant project. Durant grew up in Prince George’s County, and his mother, Wanda Durant, is also associated with his philanthropic efforts through the Durant Family Foundation. County leaders have described the deal as a major step forward and a meaningful opportunity for economic growth.
However, some residents have voiced concerns. A portion of the community prefers more family fun and entertainment and less heavy housing or industrial development, citing worries about traffic, noise, and energy demands. Others have called for the community to have a real voice in the planning process, not just top-down decisions. There is nostalgia for the old Six Flags, but most acknowledge that a pure amusement park revival is unlikely. Overall, local media from WTOP, FOX5 DC, NBC Washington, and CBS Baltimore have struck an optimistic tone, viewing the project as a chance to elevate the site into something more modern and beneficial for the county.
How This Fits into Durant’s Business Portfolio
This deal aligns well with 35V, the family office and investment platform co-founded by Durant and Rich Kleiman in 2017. The firm manages Durant’s personal brand, business deals, philanthropy, and a large investment portfolio of over 100 startups and companies. Key sectors include tech, fintech, AI, health and wellness, media, sports tech, and real estate.
Notable past investments include Coinbase, Acorns, Robinhood, Postmates (acquired by Uber), Whoop, Therabody, Overtime, and stakes in sports properties such as Gotham FC, the Philadelphia Union, and the Premier Lacrosse League. The firm’s sister company, Boardroom, handles media and content at the intersection of sports, entertainment, and business.
This Six Flags redevelopment represents a larger-scale real estate play for 35V, moving beyond early-stage startup investments into major property development with a partner like TPA Group. It combines Durant’s roots in the DMV area with his growing interest in creating long-term assets in sports, entertainment, and community spaces. The project fits the pattern of Durant using his platform to invest in culture, sports, and local impact while building generational wealth through diversified holdings.
The project is still in very early stages. More concrete details are expected after planned community engagement sessions take place.
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