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The company will pay $6.2 million in rent per year to start.
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The company seeks offers of $100 million (Australian).
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Lower attendance has caused significant drops in profit.
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The new ride will have backward facing seats.
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Workers claim being underpaid by $50 per week.
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The company is one of many where a minor ride stoppage caused by a computer is treated by the press as dangerous and awful.
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Green Lantern roller coaster at the Gold Coast amusement park involved rescuing 6 people from the middle of the ride.
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Sydney's new Wet'n'Wild attracts 700k visitors in five months.
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Consumer advocacy group and guests call the move a money grab.
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Company plans to bolster its Gold Coast theme park businesses along with developing a greater stake in the growing Asian theme park market.