Cedar Fair sells Palm Springs water park to CNL Lifestyle Properties

Just how much money do they need to do these improvements?

A Lot.

With the huge attendance Cedar Point has seen this year, they must be able to get renovation funds from that. unless, a huge amount of their profits is being eaten up by share holders.

Um, the whole point of a business is to make money. That's why people invest.

@913girl, I'm pretty positive it's what comes out of the park itself. Because otherwise, attractions that could be too large would be added at a different park based on overall revenues.

@Sirloindude/Sarge27, Michigan's Adventure was looking at building a hotel prior to Cedar Fairs purchase.

Following that, Cedar Fair was going to look into a Castaway Bay type resort being built by the park, however, with the water issues and the fact they figured it wouldn't perform as originally predicted, the decision was made not to build. Of course, this is something I just heard from someone with an "in", there were no news stories about it that I'm aware of. The first one there was, but this one not.

Those re-investment percentages are for the company-not by park. That's why some parks get $25 million dollar projects while others get nothing. Capital is spread out to the parks most likely to deliver a worthwhile ROI. Often that is the larger parks (Sorry Michigan's Adventure).

Right. I just spent three days at CP at the Hotel Breakers and, even in the dreaded Bon Air section of the hotel I noticed improvements. There's absolutely no reason to spend extra money on a place like MA when there are resorts at the flagship park that need improvement. The hotels this week, incidentally, were sold out. There's real money happening for CF, and it deserves the extra attention.