Company buys 2 Texas water parks in deal with Schlitterbahn

FAN Editor

A Texas-based water park company has sold two of its attractions and given the buyer the right to acquire its Kansas site where a 10-year-old boy was killed nearly three years ago.

Schlitterbahn on Thursday announced the $261 million agreement with Cedar Fair Entertainment to sell a water park and resort in New Braunfels, Texas, and another property in Galveston, Texas. Sandusky, Ohio-based Cedar Fair will also have the right to buy the company’s Kansas water park for $6 million in cash.

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The deal comes after Schlitterbahn remained mum on its plans for the Kansas City, Kansas, park where Caleb Schwab was decapitated in August of 2016 on the 17-story Verruckt slide.

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.

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