New Carowinds ride will fulfill agreement for lower taxes

Posted | Contributed by Jeff

The original 2004 “fee-in-lieu-of-taxes” agreement between the county and then-Carowinds owner Paramount called for the park to invest $17 million on the York County end of the 112-acre park, which straddles the S.C.-N.C. state line. That pact was set to expire Dec. 31. County Council members on Monday extended the fee/tax agreement for two more years, with current Carowinds owner Cedar Fair Entertainment pledging to spend another $14 million — bringing its total commitment to $28 million over the life of the agreement.

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