CF News release re: White Water Canyon water park
Cedar Fair, L.P. Completes Purchase of California Water Park
SANDUSKY, Ohio, Dec. 7 /PRNewswire/ -- Cedar Fair, L.P. (NYSE: FUN), a
publicly traded partnership which owns and operates five amusement parks,
today announced that it has completed the acquisition of White Water Canyon
for a cash purchase price of approximately $11.6 million.
White Water Canyon, located near San Diego in Chula Vista, California, is a
33-acre water park that offers more than 20 separate water rides and
attractions, including 16 water slides, a wave pool, a lazy river and a
children's activity area, as well as food and merchandise shops. The
acquisition also includes 32 acres of adjacent land, which is undeveloped and
available for further expansion.
"White Water Canyon represents an excellent opportunity for us and will be
an ideal addition to our current group of parks," said Richard L. Kinzel,
president and chief executive officer of Cedar Fair.
Plans call for the park to be renamed Knott's Soak City U.S.A. and marketed
in tandem with a new water park of the same name planned on land adjacent to
Knott's Berry Farm in Buena Park, California. Cedar Fair also plans to
retheme the park and add a new family raft ride in time for the 2000 season,
with additional improvements to the property to be announced in future
months.
Cedar Fair owns and operates Cedar Point, located on Lake Erie between
Cleveland and Toledo; Knott's Berry Farm, located near Los Angeles in Buena
Park, California; Dorney Park & Wildwater Kingdom, near Allentown,
Pennsylvania; Valleyfair near Minneapolis/St. Paul; and Worlds of Fun and
Oceans of Fun in Kansas City, Missouri.
-------------
Duane Cahill
http://www.nittanylions.com
SANDUSKY, Ohio, Dec. 7 /PRNewswire/ -- Cedar Fair, L.P. (NYSE: FUN), a
publicly traded partnership which owns and operates five amusement parks,
today announced that it has completed the acquisition of White Water Canyon
for a cash purchase price of approximately $11.6 million.
White Water Canyon, located near San Diego in Chula Vista, California, is a
33-acre water park that offers more than 20 separate water rides and
attractions, including 16 water slides, a wave pool, a lazy river and a
children's activity area, as well as food and merchandise shops. The
acquisition also includes 32 acres of adjacent land, which is undeveloped and
available for further expansion.
"White Water Canyon represents an excellent opportunity for us and will be
an ideal addition to our current group of parks," said Richard L. Kinzel,
president and chief executive officer of Cedar Fair.
Plans call for the park to be renamed Knott's Soak City U.S.A. and marketed
in tandem with a new water park of the same name planned on land adjacent to
Knott's Berry Farm in Buena Park, California. Cedar Fair also plans to
retheme the park and add a new family raft ride in time for the 2000 season,
with additional improvements to the property to be announced in future
months.
Cedar Fair owns and operates Cedar Point, located on Lake Erie between
Cleveland and Toledo; Knott's Berry Farm, located near Los Angeles in Buena
Park, California; Dorney Park & Wildwater Kingdom, near Allentown,
Pennsylvania; Valleyfair near Minneapolis/St. Paul; and Worlds of Fun and
Oceans of Fun in Kansas City, Missouri.
-------------
Duane Cahill
http://www.nittanylions.com
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