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The rent has been in dispute for years.
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The groups say that the park discharges waste into the bay.
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The changes are scheduled for 2025.
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The park said in a statement that the device is not a restraint.
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The company released its results for the third quarter of 2023.
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The city says it set a deadline to pay the $12.2 million by September 6.
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The city says the company owes $10 million in rent plus interest.
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The city says the company still owes rent for 2020.
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The new ride has a 14-story drop at 90 degrees.
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Jim Lake is the fourth park president in six years.