[Ed. note: The following is an excerpt of a press release. -J]
Cedar Fair Entertainment Company today announced that Lehigh County has accepted its $2.75 million bid to purchase 6.75 acres of land adjacent to Dorney Park & Wildwater Kingdom in Allentown, Pennsylvania. Pending approval from the Lehigh County Commissioners, this land acquisition will enable the Company to continue enhancing the guest experience at the park through the introduction of new rides and attractions, future park development and the expansion of parking facilities. The transaction is expected to close 30 to 60 days following approval by the County Commissioners.
"We are excited about the expansion and development opportunities this additional space will provide to Dorney Park, as well as the increased economic impact it will have for the county," said Dick Kinzel, president and chief executive officer of Cedar Fair. "In addition, we appreciate the opportunity provided by the Lehigh County Commissioners to bid on this property and would like to thank them for their ongoing strong support of regional economic development and tourism. We look forward to expanding our ability to provide unique, family entertainment at a great value in the region."
Read the entire press release from Cedar Fair.