Adventureland acquired by Palace Entertainment

Posted | Contributed by PhantomTails

Adventureland, Iowa’s largest theme park and a Des Moines metro landmark for almost 50 years, is being sold to the U.S. subsidiary of a global theme park operator. Officials of Pittsburgh-based Palace Entertainment, owned by Parques Reunidos in Madrid, Spain, announced the sale Tuesday. They did not disclose the price.

Read more from The Des Moines Register.

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Interestingly, the legal liabilities for the Raging River accident apparently are not transferring to Parques Reunidos. The Krantz family may yet be wiped out entirely....

kpjb's avatar

I was wondering about that. Seems like a huge liability to take on in a purchase.

Maybe it's one reason that they sold. Even if they personally go bankrupt, at least the legacy of their family will be able to live on in others' hands.


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