AUSTIN, Texas — A Texas-based water park company on Thursday announced an agreement to sell two of its attractions and also will give the buyer the right to acquire its Kansas site where a 10-year-old boy was killed nearly three years ago.
Schlitterbahn said in a news release it sold a water park and resort in New Braunfels, Texas, and another property in Galveston, Texas, to Cedar Fair Entertainment Co. in a $261 million deal. Sandusky, Ohio-based Cedar Fair also will have the right to buy Schlitterbahn’s Kansas water park for $6 million in cash.
“While it’s a difficult decision, after several challenging years, we believe that our team, communities, guests, and fans are going to enjoy what lies ahead,” Schlitterbahn said in a statement.
The deal comes after Schlitterbahn remained mum on its plans for the Kansas City, Kansas, park where Caleb Schwab was decapitated in August 2016 on the 17-story Verruckt slide. The raft he was riding on went airborne and hit a metal pole.
Caleb’s family received nearly $20 million in settlements and two women who were seriously injured while riding with him settled for an undisclosed amount.
Verruckt — German for “crazy” — never reopened and was torn down last year.