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The park's owners cite declining attendance.
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The incident happened on the Treetops roller coaster.
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Television ads feature the ride from which their daughter fell.
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Theme park will add a Peter Pan themed zone that includes Skull Rock, a pirate log flume.
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The theme park will add a water ride and restaurant, among other improvements.
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The Health and Safety Executive says Oakwood failed to ensure people on the ride were not exposed to risks to their safety.
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Owners say they can't reveal the identity of the potential suitor.
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Government will prosecute the park for the death of 16-year-old Hayley Williams.
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While video evidence suggests that Hayley Williams was not restrained when she fell to her death in 2004, an anonymous letter says the park skipped on shoulder restraints based on cost.
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In light of the ongoing investigation into the death of a teenager in 2004, the park says that it's overall safety record is solid.