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The park is still technically owned by the British government, which pays a nominal rent of $1 per year.
In September, 2003, Point Pleasant Park was devastated by Hurricane Juan, which swept in from the Atlantic. Nearly three quarters of the park's trees were knocked down and the park remained closed until June of 2004. While there are still many trees remaining, the park now has a ghostly, post-apocalyptic appearance, and it will be many years before it regains its former beauty.
Every summer Shakespearean plays are performed in the park by the Shakespeare by the Sea theatre company.