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The park underwent a "facelift" as well as general cleaning to prepare it for its opening day, April 28, 2006. The entrance received a new sign, with the addition of renovated buildings and ticket booths.
On January 11, 2007, Six Flags announced it sold seven parks to PARC 7F-Operations Corporation for $312 million to help the company's debt burden. Six Flags will receive $275 million cash and a note for $37 million for four theme parks and three water parks. PARC 7F, of Jacksonville, Fla., is expected to sell the parks to CNL Income Properties Inc., a real-estate trust based in Florida, and then lease them back. Six Flags sold Darien Lake, Elitch Gardens, [[Frontier City]], White Water Bay, SplashTown, Waterworld USA, Wild Waves, and Enchanted Village. The company decided not to sell Magic Mountain and its adjacent water park. Spokeswoman Wendy Goldberg said that upon further evaluation, the company decided that the Los Angeles parks remained too valuable to let go as season passes and sales were up. Since the Splashtown has been sold, Six Flags has thus been ousted from the Greater Houston Area.
Splashtown is currently open for the 2007 season.
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