August 24, 2009 (FinancialWire) — Amusement park operator Cedar Fair Entertainment Co. (NYSE: FUN) has completed the sale of its 87 acres of surplus land adjacent to its Canada’s Wonderland property near Toronto to the Vaughan Health Campus of Care.

The company said it plans to use the net proceeds of around $54 million from the asset sale to pay down its term debt.

Sandusky, Ohio-based Cedar Fair is a regional amusement-resort operator that owns and operates 11 amusement parks, six outdoor water parks, one indoor water park and five hotels.

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