Theme parks building on record revenue
MASON, Ohio -- A new roller coaster at southwestern Ohio's Kings Island theme park is expected to contribute to another year of record revenue and attendance for its parent company.
Sandusky-based Cedar Fair Entertainment Co. owns the park in Mason, near Cincinnati, as well as Cedar Point in northern Ohio.
Net revenues last year reached $1.14 billion.
A record-breaking 23.5 million visitors in 2013 attended Cedar Fair's 15 amusement and water parks in Ohio, California, North Carolina, South Carolina, Virginia, Pennsylvania, Minnesota, Missouri, Michigan and Canada.
The company is expected to get an attendance boost out of the new Kings Island coaster called Banshee, which debuted with the park's opening for the season on Friday, according to the Dayton Daily News.
The $24 million ride is being touted as the world's longest inverted roller coaster.
Cedar Fair is investing about $145 million this year in new rides, technology and other park improvements across the company, including the new Banshee steel roller coaster, Frole said.
About $120 million was spent in 2013.
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