April 11, 2007
Splashtown: Not going anywhere

In case you were curious.

The new operator of the SplashTown water park said Monday the attraction in Spring will stay open for years to come, with rides expected to be added for next summer.

PARC Management of Jacksonville, Fla., bought seven theme and water parks from Six Flags for $312 million. The deal was announced in January and closed Monday.

Under the sale terms, PARC resold the properties to CNL Income Properties, a real estate investment trust, and is leasing them back.

PARC CEO and President Randy Drew said his company will make $500,000 in improvements to the park, including recoating water slides, in time for this summer. It will add rides for next year, but details were not available, he said.

This is what they said back in January when PARC bought the place. Nice to know they're true to their word.

Posted by Charles Kuffner on April 11, 2007 to Elsewhere in Houston