As space was getting scarce at the original location of Elitch Gardens at 38th Avenue and Tennyson Street, the Gurtler family and their financial partners purchased a 67.7-acre (274,000 m2) plot of land in the Platte River valley near downtown Denver for the price of $6.1 million in June 1994.

On October 1, 1994—the end of the 1994 season—the original park closed permanently and a majority of the rides were moved to the new property, which opened on May 27, 1995.

It ceased operation in 2008, and was eventually sold to Luna Park in Coney Island in 2010, where it was installed in 2011 after being refurbished and updated by ride manufacturer Zamperla.

Also in 2005, control of Six Flags was obtained by Washington Redskins owner Daniel Snyder, in a proxy fight following a shareholder revolt, which led to Kieran Burke being ousted as CEO.

Using light guns, guests have the opportunity to extinguish the ghosts while competing against one another as digital counters keep track of the scores.

[5] Alongside the new rides, the park hosts a summer concert series which has included Raven-Symoné, Metro Station, Sara Evans, and Lee Ann Womack.

[8] In early 2011, CNL appointed Herschend Family Entertainment as the new operators of the park, along with Darien Lake.

[9] On March 8, the park announced three new rides, Tube Top (a Proslide Tantrum waterslide) in Island Kingdom Family Water Park, Rockin’ Tug, and Tike Bikes both in the newly transformed kid's area, KiddieLand.

[12] On June 5, 2015 the park was purchased by an investment team made up of Revesco Properties, Kroenke Sports Entertainment, and Second City Real Estate.

Due to the growing concerns of the COVID-19 pandemic, Elitch Gardens announced a delay of the 2020 season operations.

[14] In March 2018, the owners of Elitch Gardens, Revesco, revealed the redevelopment plan for the theme park.

On December 17, 2018, the Denver City Council voted 12–0 in favor of giving Revesco Properties permission to begin the project.

When the park was sold to PARC Management in 2007,[4] a replacement event for Fright Fest named "Fall Family Fun Fest" added family oriented areas such as hay mazes and pumpkin painting, as well as haunted houses and trick or treat trails.

In 2008, "FrightFest" was reinstituted, but with a lack of space between the words "Fright" and "Fest" in order to avoid legal trouble with Six Flags.

[18] There is an RTD light rail stop located next to the park's entrance, served by C, E, and W line trains.