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Great Wolf Resorts and Paramount Parks announced the formation of a joint venture to develop a 39-acre, $100+ million Great Wolf Lodge resort at Paramount's Kings Island. Great Wolf Resorts will operate the resort under its Great Wolf Lodge brand and will maintain the majority equity position in the project. Paramount's Kings Island, a unit of Viacom Inc., will have a minority equity interest in the development by contributing the land needed for the resort.
Read the press release from Business Wire.