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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Tuesday, July 8, 2014 12:17 AM
Lord Gonchar's avatar

"Wow! A new coaster! I sure hope they do some sort of crazy online promotion with all kinds of meaningless cryptic clues," said no one ever.

Tuesday, July 8, 2014 1:23 AM
LostKause's avatar

Well, Rob Zombie's and formerly Marlyn Manson's guitar player is named John 5. I wonder what the 5 stands for? lol

I think I am more excited for this new coaster than anything else new for next year, so far. It's not like we even know what is going in any of the parks next year yet though.

Tuesday, July 8, 2014 8:56 AM
HeyIsntThatRob?'s avatar

I'm excited about the coaster, but I'm more excited about the fake website and images that will be a part of this teaser!

I still think it's a B&M Invert. *not really*


Tuesday, July 8, 2014 9:42 PM
LostKause's avatar

I expect a fake leak, but I will know that it is fake when I see it. I will roll my eyes accordingly, and get even more excited.

The reason I am excited for this new ride is because I haven't had the chance to go through heck to get to Canada's Wonderland yet. It looks like some of the unique newer attractions at that park may soon be closer within reach to me. :D


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