Cedar Fair Announces New Direction for Geauga Lake

Sep 21, 2007, 01:00 ET from Cedar Fair Entertainment Company

    SANDUSKY, Ohio, Sept. 21 /PRNewswire-FirstCall/ -- Cedar Fair
 Entertainment Company announced today that Geauga Lake & Wildwater Kingdom
 in Aurora, Ohio, will become exclusively a water park attraction beginning
 with the 2008 season.
     "After four years of operating Geauga Lake as a combined water
 park/amusement park attraction, we have concluded that its future should be
 entirely as a water park," said Dick Kinzel, chairman, president and chief
 executive officer of Cedar Fair Entertainment Company. "Visiting Geauga
 Lake is a 119-year-old tradition in northeastern Ohio. That tradition will
 continue, but in a new and exciting way."
     "Geauga Lake's Wildwater Kingdom has been recognized as one of the
 finest water parks in the country," Kinzel said. "Over the past three
 seasons, we have invested approximately $25 million to create and develop
 the premiere water park in northeastern Ohio. Since its opening in 2005,
 Wildwater Kingdom has been the park's highest rated attribute."
     Geauga Lake's Wildwater Kingdom attractions will include Tidal Wave
 Bay, a 30,000 square-foot wave pool featuring seven different types of wave
 patterns; Liquid Lightning, a 60-foot-tall tornado slide; Thunder Falls,
 Ohio's tallest water slide complex; an activity pool; an action river; and
 a multi-story play structure. The park will also provide a catering
 facility and picnic pavilions for group outings and poolside cabanas will
 be made available for daily rental.
     Water parks are very important to Cedar Fair. In addition to parks
 where the water park is incorporated into the amusement park, the company
 owns and operates five separately gated water parks: three in California,
 one in Ohio (Soak City at Cedar Point) and one in Missouri.
     Kinzel added, "Water parks traditionally draw from a closer geographic
 market than amusement parks, and we believe Geauga Lake's Wildwater Kingdom
 will continue to be successful in drawing visitors from the greater
 Cleveland, Youngstown and Akron-Canton areas."
     Geauga Lake's 2008 operating schedule, admission pricing, group
 programs and other operating details will be announced at a later date.
 However, the water park season is traditionally Memorial Day to Labor Day.
     As part of the changeover to exclusively water park attractions, a
 number of the rides at Geauga Lake will be introduced at other Cedar Fair
 parks.
     The property not necessary for the operation of the water park is being
 reviewed for other uses and development.
     Geauga Lake's Wildwater Kingdom is owned and operated by Cedar Fair
 Entertainment Company, a publicly traded partnership that is listed for
 trading on The New York Stock Exchange under the symbol "FUN." In addition
 to Geauga Lake's Wildwater Kingdom, Cedar Fair owns and operates 11
 amusement parks, five other water parks, one indoor water park resort, and
 six hotels. Cedar Fair also owns and operates Star Trek: The Experience, an
 interactive adventure located in Las Vegas, and operates the Gilroy Gardens
 Family Theme Park in Gilroy, Calif. under a management contract.
     This press release and prior press releases are available online at
 www.cedarfair.com.
 
 

SOURCE Cedar Fair Entertainment Company
    SANDUSKY, Ohio, Sept. 21 /PRNewswire-FirstCall/ -- Cedar Fair
 Entertainment Company announced today that Geauga Lake & Wildwater Kingdom
 in Aurora, Ohio, will become exclusively a water park attraction beginning
 with the 2008 season.
     "After four years of operating Geauga Lake as a combined water
 park/amusement park attraction, we have concluded that its future should be
 entirely as a water park," said Dick Kinzel, chairman, president and chief
 executive officer of Cedar Fair Entertainment Company. "Visiting Geauga
 Lake is a 119-year-old tradition in northeastern Ohio. That tradition will
 continue, but in a new and exciting way."
     "Geauga Lake's Wildwater Kingdom has been recognized as one of the
 finest water parks in the country," Kinzel said. "Over the past three
 seasons, we have invested approximately $25 million to create and develop
 the premiere water park in northeastern Ohio. Since its opening in 2005,
 Wildwater Kingdom has been the park's highest rated attribute."
     Geauga Lake's Wildwater Kingdom attractions will include Tidal Wave
 Bay, a 30,000 square-foot wave pool featuring seven different types of wave
 patterns; Liquid Lightning, a 60-foot-tall tornado slide; Thunder Falls,
 Ohio's tallest water slide complex; an activity pool; an action river; and
 a multi-story play structure. The park will also provide a catering
 facility and picnic pavilions for group outings and poolside cabanas will
 be made available for daily rental.
     Water parks are very important to Cedar Fair. In addition to parks
 where the water park is incorporated into the amusement park, the company
 owns and operates five separately gated water parks: three in California,
 one in Ohio (Soak City at Cedar Point) and one in Missouri.
     Kinzel added, "Water parks traditionally draw from a closer geographic
 market than amusement parks, and we believe Geauga Lake's Wildwater Kingdom
 will continue to be successful in drawing visitors from the greater
 Cleveland, Youngstown and Akron-Canton areas."
     Geauga Lake's 2008 operating schedule, admission pricing, group
 programs and other operating details will be announced at a later date.
 However, the water park season is traditionally Memorial Day to Labor Day.
     As part of the changeover to exclusively water park attractions, a
 number of the rides at Geauga Lake will be introduced at other Cedar Fair
 parks.
     The property not necessary for the operation of the water park is being
 reviewed for other uses and development.
     Geauga Lake's Wildwater Kingdom is owned and operated by Cedar Fair
 Entertainment Company, a publicly traded partnership that is listed for
 trading on The New York Stock Exchange under the symbol "FUN." In addition
 to Geauga Lake's Wildwater Kingdom, Cedar Fair owns and operates 11
 amusement parks, five other water parks, one indoor water park resort, and
 six hotels. Cedar Fair also owns and operates Star Trek: The Experience, an
 interactive adventure located in Las Vegas, and operates the Gilroy Gardens
 Family Theme Park in Gilroy, Calif. under a management contract.
     This press release and prior press releases are available online at
 www.cedarfair.com.
 
 SOURCE Cedar Fair Entertainment Company