Theme-Park Shares Rise on California Bill to Reopen Properties
- Proposal would move theme parks to orange, or moderate, tier
- Disneyland, Universal Studios have been closed since March
Shares of theme-park operators rose Thursday after two California Assembly members introduced legislation to reopen the properties sooner than in current proposals.
Assemblywomen Sharon Quirk-Silva, a Democrat, and Suzette Martinez-Valladares, a Republican, sponsored a bill that would allow the state’s theme parks to reopen when their home counties reach the orange, or moderate, tier in terms of coronavirus cases. Under the current state plan, large theme parks aren’t allowed to reopen until their counties are in the yellow, or minimal, tier.