This will be the second park purchased in the past year by Chicago businessman Gene Staples.
The dueling waterslides will first debut for passholders on April 1 and 2.
The park will be able to operate at 25% capacity thanks to the state's progress on COVID-19 vaccinations.
Both parks will open to passholders and members before welcoming the general public on April 3.
Contrary to early reports, California's theme park industry is not recommending a ban on screaming on thrill rides.
SeaWorld San Antonio and the two Texas Six Flags parks will continue to limit capacity and require face masks.
Cedar Fair says it will fill 45,000 seasonal positions across its parks for the 2021 season.
The park will be taken over by Herschend Family Entertainment, the company behind Dollywood and Silver Dollar City.