Cedar Fair investing $50 million at Carowinds over three years

Posted Tuesday, August 27, 2013 8:32 AM | Contributed by Jason Hammond

[Ed. note: The following is an excerpt of a press release. -J]

Cedar Fair Entertainment Company (NYSE: FUN), a leader in regional amusement parks, water parks and active entertainment, today announced a multi-year expansion project for its Carowinds amusement park located in Charlotte, North Carolina.

"The continued growth in the Charlotte market presents a unique opportunity for our Carowinds amusement park, which we believe is ready for record-breaking attractions," said Richard Zimmerman, Cedar Fair's Chief Operating Officer. "Over the next three years we intend to make several significant investments in both the amusement and water park areas, including new rides and attractions, new and upgraded food locations, and general infrastructure improvements. We plan to expand the capacity of Carowinds in all areas to appropriately serve its market and provide our guests with a 'Best Day of Summer' experience each and every time they visit our park."

The Company, which recently opened a satellite corporate office in Charlotte, expects the expanded park will draw additional tourists to the already popular Charlotte market. It will invest more than $50 million over the next three years and expects to hire an additional 15 full-time and approximately 270 seasonal jobs to support these new investments. As with many of its capital investments across the country, the Company will look to hire local companies to help with the design and construction of this multi-year expansion.

Read the entire press release from Cedar Fair.

Read more and see video from WSOC/Charlotte.

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Sunday, April 13, 2014 9:39 AM
Raven-Phile's avatar

I will admit, Travis, that modern pop-country or whatever it is is pretty much my least favorite thing. I'm not a country fan by any stretch, but I do like some modern artists like Zac Brown.

Give me Hank Williams (the first) over anything modern.


R.I.P LeRoi Moore 9/7/61 - 8/19/2008
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Sunday, April 13, 2014 10:57 AM
TTD 120mph's avatar

Metallica's "Momma Said" is as country as I've ever gotten. And for a Metallica song, it's very low on the totem pole. Other than that, I stay away from the genre. I respect it (to an extent) but it'll never be played on my radio.

But it'll definitely work out well for Carowinds. I'll have to make a trip down there when they open the new giga.


-Adam G-

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Sunday, April 13, 2014 9:30 PM
rollergator's avatar

Quick, who am I?

Great, CF is investing $50 in Carowinds over three years, and $3M at MiA over fifty years! *eyesrolling*

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Sunday, April 13, 2014 9:34 PM
slithernoggin's avatar

Wait, wait, it'll come to me....

I love classic country: Dolly, Loretta, Tammy. And some more contemporary stars, like Kathy Mattea or Patty Loveless. But by and large, the Taylor Swifts of the world? Could not care less.


Life is something that happens when you can't get to sleep.
--Fran Lebowitz

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Monday, April 14, 2014 4:38 PM

I enjoyed our visit to Carowinds about year-and-half ago. But the problem was, as it being a hot & muggy weekend, not one single restaurant had working AC. All we wanted to do was sit and relax but couldn't due to the heat. I found an employee and asked if they had something against air conditioning, and he just stuck his nose up, ignored me and walked away!

I stopped at Guest Relations on way out. Guess what? Their AC worked so well, I could feel the cold air coming through the open window as I was chatting with them!

The heat was making my wife cranky. So I ended up driving the 30 miles to drop her off at hotel and returning to park to ride Intimidator rest of day. :)


Jerry - Magnum Fanatic
Famous Dave's- 206 restaurants - 35 states - 2 countries

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Saturday, April 19, 2014 11:10 AM
Jason Hammond's avatar

with so many reasonably priced hotels nearby, I'm wondering why you stayed so far away?


854 Coasters, 34 States, 7 Countries
http://www.rollercoasterfreak.com My YouTube

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Saturday, April 19, 2014 1:02 PM

Jason, it was Labor Day weekend 2012. When I booked room, all hotels closer were $150-$200 per night. So, driving 30 miles for $50 room was not a bad thing! I know holidays garner higher rates. But something else must have been going on that weekend.


Jerry - Magnum Fanatic
Famous Dave's- 206 restaurants - 35 states - 2 countries

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Tuesday, July 1, 2014 6:59 PM
Tekwardo's avatar

Here's a nice look at the new toll plaza coming next year.

http://m.tonyravarch.com/portfolio/Current/carowinds-toll-plaza.php


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Don't cry because it's over, smile because it happened.

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Thursday, July 3, 2014 3:33 AM
LostKause's avatar

The photos are a broken link now. Also, their is no link for Carowinds in the Portfolio drop down menu. They must have been removed.


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Monday, July 7, 2014 5:22 AM

It appears that Screamscape has uncovered the layout of the new coaster. Leviathan 2.0?

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Monday, July 7, 2014 9:07 AM
rollergator's avatar

The link that Tek posted, for the short time it was up, clearly showed a ride with a Wingrider seating configuration...

Not that I believe it'd be anything but Leviathan 2.0....

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Monday, July 7, 2014 10:01 AM
Pagoda Gift Shop's avatar

Yeah, I don't think they would build a wing coaster and name it Fury 325.

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Monday, July 7, 2014 10:49 AM
LostKause's avatar

Fury 325? Is that the rumored name? lol That's pretty uncreative.

A 325 foot tall wing rider sounds like fun, however, the layout doesn't have any noticeable inversions. I suppose it could be a wingrider train on a gigacoaster out-and-back layout.

I'm still cringing at that rumored name. (In a monster truck even voice...) FURY... THREE... TWO... FIVE!!!

"Hi, my name is TRAVIS... SIX... FOOT... ONE!!!" lol

Anyways, nothing is going to stop me from visiting Carowinds next year. I'd bet money that the new ride opens when the park does for the season, even given the scale of the coaster.


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Monday, July 7, 2014 12:27 PM
Tekwardo's avatar

The link I posted was a presentation to the city council. They showed gatekeeper. Most people discounted it bring a wing coaster when it was announced that it would be a Giga.

Parts of the layout have been known for a while. This is the whole thing.

This and a new toll plaza and more infrastructure next year song with this years work are making Carowinds a far better park. The new Harmony Hall is wonderful and the food was really great.


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Don't cry because it's over, smile because it happened.

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Monday, July 7, 2014 12:42 PM
Lord Gonchar's avatar

LostKause said:

Fury 325? Is that the rumored name? lol That's pretty uncreative.

I'm still cringing at that rumored name. (In a monster truck even voice...) FURY... THREE... TWO... FIVE!!!

Kind of like Intimidator 305?

Here's the thread about the trademark.


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Monday, July 7, 2014 3:30 PM
Lord Gonchar's avatar

Spotted at Carowinds:

(courtesy of Screamscape)


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Monday, July 7, 2014 3:39 PM
Vater's avatar

ZOMG! Dragon Wagon!!!1!

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Monday, July 7, 2014 3:47 PM
Tekwardo's avatar

I'm going to start going by Clint 9.

;-)


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Don't cry because it's over, smile because it happened.

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Monday, July 7, 2014 4:10 PM
sirloindude's avatar

I'm going by Justin 12. I'll leave it up to you to guess what the 12 stands for...

...

...

...Jeez! It's my shoe size! Get your minds out of the gutter!


13 Boomerang, 9 SLC, and 8 B-TR clones

www.grapeadventuresphotography.com

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Monday, July 7, 2014 6:22 PM
Tekwardo's avatar

I think it's obvious I have big feet.


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