Posted Friday, December 24, 2021 10:55 AM | 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.
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....
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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