Cedar Point started heading downhill since the late 30's and by the 50's the park was in such bad condition it barely made any money. The owners were going to file for bankruptcy and sell the park to a company that would turn the park into housing. A article appeared in the local newspaper stating what would happen to Cedar Point. Two businessmen saw the article and bought the park. Those two men studied how Disneyland was being built and run and made decision about Cedar Point according. The late 50's and early 60's Cedar Point added many new rides that started to turn a run down park into American's Roller Coast.
If you have any more questions just ask. I just finished researching(took 4 months) the history of Cedar Point for a upcoming project of mine.
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Andrew Hyde
http://www.experiencethepoint.com