Theme park to close doors forever after 50 years – $1.2bn loss | World | News
Several theme parks are planning closures (file image) (Image: Getty Images)
Multiple theme parks are set to close their doors following disappointing trading periods, including a cherished UK attraction.
In Somerset, Brean Theme Park was placed into liquidation at the beginning of this year. It is amongst a number of parks ceasing operations.
Glenwood Caverns in Colorado, US filed for Chapter 11 bankruptcy protection in February following a succession of financial and reputational challenges in recent years.
Theme park operator Six Flags announced it would be shutting six “underperforming” sites across its amusement and waterpark estate in 2026, having posted losses exceeding $1.2 billion at the close of 2025.
Another amusement park with five decades of history has launched what will be its final season in 2026.
Wild Waves Theme and Water Park in Washington State opened for what has now been confirmed as its concluding season at the end of May. Its operator stated the park will shut after almost 50 years of trading, owing to escalating operational expenses.
The park, run by Premier Parks, launched in 1977 as part of its expansion into the Pacific Northwest region.
“We are thankful for our guests, team members, and the community of Federal Way for supporting Wild Waves and creating so many thrills and great memories with families and friends,” Premier Parks owner and president Kieran Burke said in a statement.
“Unfortunately, the rising cost of ongoing operations since reopening after the COVID shutdown has generated millions in losses, which forces us to discontinue operations at the end of our 2026 season.”
A lifeguard watches over a wave pool (file image) (Image: Getty Images)
The final season opened on May 23 and will run until November 1, when the park shuts permanently.
The park has informed visitors that all 30 rides and water slides will remain operational throughout the open period, while any season passes or packages purchased before the closure announcement will be honoured, The Street reported.
“In its final year of operation, the park will celebrate the memories, nostalgia, and family fun with themed events, and special promotions,” Burke said.
The amusement park will be replaced by a one-million-square-foot warehouse, according to media reports. The proposal immediately sparked opposition amongst local residents with fond memories of the theme park.
Alternative options previously considered by local developers and the city included a hotel and a convention centre.
“We recognize the deep history and emotional connection many residents have with the park, and we are committed to ensuring a respectful transition while planning a project that will bring meaningful, lasting benefits to the area,” park co-owner Jeff Stock said in December 2025.
“Plans for the site are currently in preliminary stages, with goals beneficial to the city and surrounding areas. Additional details will be released as the project moves through planning and community review processes.”
