These meeting notes are new; but, Cedar Fair's investment in Carowinds for the 2014-2016 seasons is old news (like 9 months old).
After skimming through the meeting notes, my thoughts about this investment package is shared by some of the meeting attendees comments. I feel that Cedar Fair was going to do what they wanted to do at Carowinds with or without the incentives provided by the local government. I sense that CF wanted to see what incentives they could get if they presented this "Dog & Pony Show" to the local government officials. As a business, there is nothing wrong with doing that.
It seems that Cedar Fair played this up; making it sound that if they did not get any incentives from the local government, they were going to do all this stuff at Kings Dominion. The strange thing is that, when this news story broke last fall, some news person interviewed a Hanover County government official (where KD is located). That person stated that they knew nothing about what Cedar Fair was doing in Charlotte, NC and Hanover County officials were never approached by Cedar Fair at that point in time.
Cedar Fair believes that Carowinds is currently a small park for the metro area it serves and feels that an accelerated development push over the next 3 years would "right-size" the park. If it means more potential income for the chain, then great.
Now with Kings Dominion, I know the coaster fans feel another coaster is due in 2015. "Well, it been X years now and the park NEEDS (translated; "I Want") another coaster".
I feel that a coaster is not in the cards for 2015. My instincts tell me that we might see 40th anniversary related former attractions making a comeback next year. Whether it is the steam train, sky ride, and/or the return of 2-3 former flat rides. This scenario is at the top of my list. Followed by, a dark ride like CW's Guardian; then a renovation/expansion of the water park; and finally a coaster of some sort.