The deal, which cost around $80 million, will create what will be known as the Mt. Olympus Water & Theme Park. The resulting property will cover 156 acres, with the centerpiece to be the Big Chief's park. The Family Land waterpark is a complex with both indoor and outdoor attractions. The Treasure Island Resort is a 331-room hotel with a waterpark area. The new merger also includes the budget Pleasant View Motel, owned by Treasure Island, although the motel will be torn down to make room for expansion.

2005 will also bring a number of additions to the new megapark, including a new go-cart track, two water rides, and biggest of all, the Hades wooden coaster, the first coaster by The Gravity Group.

See The Milwaukee Business Journal for more.