Worlds of Fun owners purchase Schlitterbahn Waterpark in Kansas City, Kan.

Published: Jun. 13, 2019 at 10:59 AM CDT
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The owners of Worlds of Fun has purchased Schlitterbahn Waterpark in Kansas City, Kansas, along with two other parks under the same franchise in Texas.

Cedar Fair Entertainment Company

it would purchase the two Texas facilities, Schlitterbahn Waterpark and Resort New Braunfels and Schlitterbahn Waterpark Galveston, for $261 million and the embattled Kansas waterpark for $6 million in cash.

Ten-year-old Caleb Schwab died in the waterpark three years ago while riding the Verruckt waterslide which was torn down last year.

The full deal is subject to regulatory approval and is expected to be wrapped up in the next few months. When it’s done, Cedar Fair will own 15 parks nationwide.

Schlitterbahn’s current owners have yet to open the Kansas park this season.

Schwab died in 2016 when the raft he was riding on the 17-story Verruckt slide went airborne and hit a metal pole. Verruckt — German for "crazy" — never reopened and was torn down last year. Season tickets have been on sale for months for Schlitterbahn's four Texas locations, but not the Kansas park.

Schwab's family received nearly $20 million in settlements, and two women who were seriously injured while riding with him settled for an undisclosed amount.

Prosecutors also filed criminal charges against Schlitterbahn co-owner Jeff Henry, the designer of Verruckt, the park's operations manager and two maintenance workers, alleging that shoddy planning and maintenance led to Caleb's death. But the maintenance workers were acquitted in October, and a judge dismissed charges against the other three in January citing improper evidence.

Charges of drug possession and hiring someone for sex also are pending against Henry in a neighboring Kansas county.

The Associated Press contributed to this article.