Cedar Point and Sandusky reach milestone $100M deal

A historic $100 million agreement between Cedar Fair, which owns and operates the Cedar Point amusement park, and the City of Sandusky “paves the way for game-changing projects and aims to strengthen partnerships between all who live, work and play in the city,” the Sandusky Register reports. Potentially “totaling about $100 million in new investments over a 20-year period,” the agreement includes plans to construct a new causeway “doubling as Cedar Point’s main entranceway,” construction of a new recreation center for Sandusky residents, and generating funds to “further advance economic development and destination-related investments in Sandusky,” according to the article. The initiatives will be funded by admissions tax and parking tax revenue from Cedar Point visitors. For more, read the full article.

Economic Development, State Updates