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The new Vekoma roller coaster will debut in 2027.
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A trial is scheduled for next year.
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The company previously moved to a regional management model.
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The makeover will introduce two new play areas, retheme five rides and remove two roller coasters and two kids rides.
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The original ride cost $7 million, in 1978.
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The park says it has reached the end of its service life.
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The ride is planned for 2026.
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The plant includes storage to power the park overnight.
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The incident happened on the new Wonder Woman roller coaster.
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The 8-year-old returned to the station bleeding and was transported to the hospital for stitches and a CT.