The revamp will open at both Disneyland and Disney World.
Magic Mountain's 20th coaster will also be the tallest and longest single-rail coaster.
The new boat ride will take place around Lake Eloise and Cypress Gardens.
Chapek's new deal starts July 1 and runs through 2025.
Cedar Fair sold the park's land to a real estate logistics company for $310 million.
The temporary closure was described as "unscheduled needed repairs" on the coaster trains.
This mash-up house will feature the films "Freaky" and "The Black Phone."
One more major addition could catapult Kings Dominion into the top 5 U.S. coaster parks.