AURORA, Ohio - The time is here to say final goodbyes to remnants of the former Geauga Lake Park and Sea World as the property has been sold and new redevelopment plans have been announced.

The new Geauga Lake District will now take the former park's place.

Nearly 377 acres in Bainbridge Township that circle the namesake inland lake, was purchased by the new owner, an affiliate of Industrial Commercial Properties (ICP) of Solon.

ICP plans to play the role of master developer of the site, including installing elements that recall the original amusement park dating from 1887.

The sale for an undisclosed amount on Friday, Oct. 30, to ICP ends the era of Sandusky-based Cedar Fair's ownership of the last of the vast site, which includes the former Sea World property.

The Cedar Fair sale sets potential construction on the site in motion.

Retailer Menards has expressed interest in building a store on some of the Geauga Lake land.

The site will include additional retail locations, a proposed mixed-use restaurant and entertainment district, and a residential office district near the lake, as well as multi-family residential and institutional sites.

Although ICP's name is synonymous with industrial real estate projects, there will be no industrial property at Geauga Lake as the owners say it's too far from the highway.

The firm is entertaining offers from developers of multifamily properties to develop the 300-some apartments that would go on multifamily-zoned parcels.

ICP also plans to pay homage to the old landmark with elements of the new project.

The proposed street that will provide access to sites on the lake's west side will be called Geauga Lake Boulevard.

An element of public art recalling the Big Dipper, a famous wooden roller coaster at Geauga Lake Park, is included in designs for the entrance of the new development.

Some old roller coaster cars also may find their way to be displayed in the district as well.