May 20, 2022

Charlie Doodle

Unique Art & Entertainment

Palace Entertainment buys Adventureland. What to know about new owners

1 min read

This story has been updated to specify that John Reilly is the chief operating officer of Palace Entertainment.

After decades of family ownership, Adventureland amusement park is being sold. 

On Tuesday, Pittsburgh-based Palace Entertainment announced it was purchasing the Altoona theme park. Nick Paradise, a spokesman for Palace, said the deal would be concluded Tuesday.

Des Moines businessman Jack Krantz opened Adventureland in 1974. For the first nine years, it was a publicly-traded company. Then in 1983, Jack Krantz bought out other investors to prevent the park from being sold to a group from Chicago.

After he died in 2006, his four children took over operating the park.

Michael Krantz, son of the Adventureland founder and CEO of the family enterprise, said he thinks his father would approve of the sale to Palace.

https://www.desmoinesregister.com/story/news/2021/12/22/palace-entertainment-buys-adventureland-altoona-iowa-what-we-know/8994978002/

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