The initial 12-acre (49,000 m2) park site held only a half-dozen rides and included a playground, wading pool, and petting zoo.

In 1991, co-owners Michael Moodenbaugh and Jeff Stock paid $8 million for Enchanted Parks.

Stock then sold his shares of Enchanted Parks, Inc., in late 2000 to Six Flags for $19.3 million.

This change was due to many complaints that the park hopping ticket system was too complicated.

[9] In January 2010, PARC Management had defaulted on its lease with CNL for Wild Waves and a majority of its other parks.

Stock implemented many changes to the park in 2011 including a new water ride for that season.

Other parks owned by CNL included Darien Lake Theme Park Resort, Elitch Gardens, Frontier City, SplashTown Waterpark, White Water Bay, and Waterworld California, all of which were bought in a $312 million purchase from Six Flags.

"[13] In a statement released by police, Wild Waves said they actively reviewed the accident, their safety protocols, and the actions taken by staff.