CEDAR FAIR ACQUIRES 61 ACRES OF LAND ADJACENT TO CAROWINDS TO FACILITATE EXPANSION
SANDUSKY, Ohio, Aug. 1, 2011 -- Cedar Fair Entertainment Company (NYSE: FUN) today announced it has purchased 61 acres of land adjacent to the Company's Carowinds amusement park located in Charlotte, NC. This land acquisition will enable the Company to achieve future development and expansion of the facility.
"We are thrilled about the growth opportunities this land will provide for future development of Carowinds, as well as the increased beneficial economic impact it will have on both Mecklenburg and York counties," said Matt Ouimet, Cedar Fair's President. "We believe strongly in Carowinds' potential and its excellent opportunities for continued growth in the coming years. Since 2006, we have invested more than $45 million in new rides and attractions, which clearly demonstrates Cedar Fair's commitment to this leading park's future. This land acquisition will allow us to continue to develop this facility to its full potential."
Recognized as one of the largest regional amusement parks in the Southeast United States, Carowinds features more than 50 rides, shows and attractions, including 13 world-class roller coasters, a 20-acre water park and an on-site 55-acre campground. New for 2011 was Snoopy's Starlight Spectacular, a 3-acre night-time light and sound experience featuring Snoopy and the PEANUTS™ gang.
About Cedar Fair
Cedar Fair is a publicly traded partnership headquartered in Sandusky, Ohio, and one of the largest regional amusement-resort operators in the world. The Company owns and operates 11 amusement parks, six outdoor water parks, one indoor water park and five hotels. Amusement parks in the Company's northern region include two in Ohio: Cedar Point, consistently voted "Best Amusement Park in the World" in Amusement Today polls, and Kings Island; as well as Canada's Wonderland, near Toronto; Dorney Park, PA; Valleyfair, MN; and Michigan's Adventure, MI. In the southern region are Kings Dominion, VA; Carowinds, NC; and Worlds of Fun, MO. Western parks in California include: Knott's Berry Farm; California's Great America; and Gilroy Gardens, which is managed under contract.