Valleyfair to be sold

The Shakopee amusement park Valleyfair is being sold, according to the Star Tribune.

The struggling owner, Cedar Fair LP based in Sandusky, Ohio, agreed to be aquired by Apollo Global Management for $635 million in cash, the company announced Thursday.

Cedar Fair LP also will be selling its other 10 amusement parks and seven water parks, according to the Pioneer Press.

The company has struggled with poor attendance due to the economy and rainy weather. Season-pass sales were also down this year.

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This page contains a single entry by hagem064 published on December 18, 2009 4:31 PM.

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