In June 1990, Michael Murach was paralyzed from the head down while performing a high diving act at the park. He slipped on a 3-meter diving board during a comedy act and fell 20-feet, hitting his head on the edge of the concrete pool. Murach was years later awarded damages of $58.6 million after a jury found International Broadcasting Corporation 100% liable for his injury. The end of the diving board was not installed at a proper distance away from the edge of the pool to prevent such an incident from occurring. In August 1991, 14-year-old Kenneth Margerum fell to his death from the park's Ferris wheel after his seat dropped from its axle. It was revealed that the park operators routinely removed one or two seats from the ride each day to prevent the ride from moving around in high winds during off-hours. Each time the ride opened, the seats were bolted back onto the frame of the ride. Investigators found that only one side of the victim's seat had been bolted properly, causing Margerum's seat to drop from its axle and subsequently leading to his death. Attendance once again began to dwindle as parents became concerned over the park's safety. Charles Wood reacquired the park along with Great Escape in October 1992 for $14 million when International Broadcasting Corporation went bankrupt. In his second stint of ownership, Wood changed the park's name to Two Flags Over Niagara Fun Park  When Martin's Shows, ran by Martin DiPietro, purchased the park and renamed it Martin's Fantasy Island. Charles Wood took the original Comet roller coaster and reassembled it at his Great Escape park later that year. DiPietro would install his own roller coaster named the Silver Comet in 1999 that was inspired by the original. Martin DiPietro sold the land to STORE Capital and Apex Parks Group leased the property starting in May 2016. For the 2017 season the name changed from to Fantasy Island Niagara’s Amusement & Water Park. For the 2018 season, there were many new improvements. It started with the former Garden of Fables being revamped and renamed Fairytale Forest which features rides, shows, attractions. Oakley the talking tree & If the shoe fits shows were also added. A Kiddie Ferris Wheel called Cinderella’s Midnight Magic Wheel was also added (Previously operated at Indiana Beach). Another improvement for the 2018 season was the water park was revamped and rebranded. The water park was renamed Splashaway Bay. The former Raging Rapids slides were refurbished and renamed Double Dare Falls, Cabanas we’re constructed, and the snack bar was renamed Splashaway Cafe.