Can we draw the following hypothesis from the context (see options)?

Context:

Sea Lion Park was a 16 acre amusement park started in 1895 on Coney Island by Paul Boyton. He fenced the property and charged admission, the park becoming the first enclosed and permanent amusement park in North America. Up until the establishment of this park, amusement areas around the country consisted of pay-as-you-go concessions. In 1903, Sea Lion Park was replaced by Luna Park.

Hypothesis: Sea Lion Park was a 16 acre amusement park started in 1895 but replaced by another park in a very short period of time even though Sea lion park was better.
Choose your answer from:
(1). Yes.
(2). It's impossible to say.
(3). No.
(2).