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Published: Saturday, 8/22/2009

Cedar Fair sells 87 acres near Toronto, gets $54 million

SANDUSKY Cedar Fair LP, which owns Cedar Point and other amusement parks, said Friday it has completed the sale of its 87 acres of surplus land adjacent to Canada's Wonderland near Toronto.

The buyer is the Vaughan Health Campus of Care. The net proceeds of about $54 million from the sale will be used to pay off part of the Sandusky company's debt, the firm said.

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