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Theme park operator will also be behind the new attraction in Nashville.
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Herschend says they're still exploring their options for the defunct park.
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Park will close following its final operational day Saturday.
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Herschend co-founder says area attractions, including Celebration City, continue to stick to the things that make the area appealing to tourists.
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New facility is a part of the company's benefits program.
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Photos show where Holiday World will build their new attractions.
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Twelve parks are covered in this year's annual week-long trip.
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Over 100 photos have been added from three parks including photos of Thunderhead, Ozark Wildcat, and Tremors.
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Authorities say machines border on being illegal.
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A new tribute to veterans was unveiled Friday at a press event at the entrance to Celebration City.