Clementon Park & Splash World closed after the 2026 summer season, and the amusement park will be put up for sale. IB Parks & Entertainment ended operations Monday and said Wednesday that it plans to offer the 52-acre property to a buyer.
The company said, "After five memorable years, we are saddened to announce that we have made the difficult decision to close the park and plan to offer the park for sale." It also said, "It has been a privilege to care for a place that has meant so much to generations of families."
Theodore Gibbs and 1907
The closure lands hard because this is not a new site learning how to survive. Theodore Gibbs founded Clementon Park in 1907 with his two sons, and the property later grew into Clementon Park and Splash World after a $5 million renovation in July 1993 added the water park.
The park had already shut down unexpectedly in late 2019 under prior ownership after a $4.5 million loan default. IB Parks & Entertainment then acquired the property at a foreclosure auction in March 2021 for $2.37 million and reopened it in summer 2021. Now the same property is heading back to market after only five years back in operation.
52 acres back on market
IB Parks & Entertainment did not give a specific financial reason for the closure, but the sequence matters: a 52-acre amusement park that reopened in 2021 has now closed again, making this the second time in seven years that the site has shuttered. That is the practical signal for families and local observers alike: the park is no longer operating, and the next owner will decide whether Clementon Park and Splash World remains an amusement site at all.
The company said additional details about the property sale will be released as they become available. It said it is hopeful it will find a buyer who shares its love for Clementon Park and will carry its history and legacy forward, which leaves the real question in business terms: who buys a 119-year-old amusement park that has already gone through one foreclosure, one reopening, and now another closure.
