Fantasy Island is an amusement park in Grand Island, New York that opened in 1961, occupying only 12 acres of land. In 1974 the park expanded to its current size, occupying 85 acres. After dwindling attendance, in 1982 the park filed for Bankruptcy and did not operate for the season. Charles R. Wood purchased the park out of bankruptcy in the fall of 1982, and throughout his ownership, there were several improvements including the addition of Water World, a water park in 1984. In April 1989, it was announced that Charles Wood had sold Fantasy Island to the International Broadcasting Corporation. After several accidents under this ownership, attendance began to dwindle again and people because concerned over the park's safety. In October 1992, Charles R. Wood reacquired the park and renamed it Two Flags Over Niagara Fun Park. After only one year of owning the park, it was announced that Charles Wood had sold the park to local Carnival Operator Martin DiPietro and it would be renamed Martin's Fantasy Island starting with the 1994 season. DiPietro made many improvements and added several new attractions including the Silver Comet in 1999 that was inspired by the original. On May 14, 2016, Apex Parks Group had acquired the park from DiPietro while the land was sold to Arizona based Store Capital. During Apex's ownership, there were several reports of the park's deteriorating conditions. On February 19, 2020, it was announced the park had closed for good. Rides and attractions had been in the process of being sold off. By June, reports surfaced of a revival and by July, it was announced a local group of investors called Empire Adventures were in the process of reviving the park.
