Cedar Fair looks forward towards expansion, buys 61 acres next to Carrowinds

From a press release:

Cedar Fair Entertainment Company (NYSE: FUN) today announced it has purchased 61 acres of land adjacent to the Company's Carowinds amusement park located in Charlotte, NC. This land acquisition will enable the Company to achieve future development and expansion of the facility.

"We are thrilled about the growth opportunities this land will provide for future development of Carowinds, as well as the increased beneficial economic impact it will have on both Mecklenburg and York counties," said Matt Ouimet, Cedar Fair's President. "We believe strongly in Carowinds' potential and its excellent opportunities for continued growth in the coming years. Since 2006, we have invested more than $45 million in new rides and attractions, which clearly demonstrates Cedar Fair's commitment to this leading park's future. This land acquisition will allow us to continue to develop this facility to its full potential."

Full press release at Cedar Fair.