 Wood sold the park along with Great Escape to International Broadcasting Corporation (IBC) in April 1989 for $36 million.As part of the deal, Wood wood stay on as chief executive officer of the park and his son-in-law, Tom Wages, was retained as general manager.Following the closure of nearby Crystal Beach Park, that park's famed Comet roller coaster was purchased by Charles Wood at auction in October 1989 for $210,000, disassembled, and stored indefinitely at Fantasy Island.