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May 21, 2025
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“We are thankful for our guests, team members, and the community of Federal Way for supporting Wild Waves and creating so many thrills and great memories with families and friends,” said Kieran Burke, President and Owner of Premier Parks. “Unfortunately, the rising cost of ongoing operations since reopening after the COVID shutdown has generated millions in losses, which forces us to discontinue operations at the end of our 2026 season.”

 
Giant warehouse planned for Wild Waves property in Federal Way - Seattle Weekly

The final season of the Wild Waves Theme Park is currently underway, but plans have already been filed with the city of Federal Way to turn the site into a 1 million square foot warehouse called Podium I-5.

A Geotechnical Report on the Podium I-5 project provided by Terra Associates Inc. states: “The project will consist of redeveloping the site with a 1,033,680 square foot industrial building and associated access, parking, and utility improvements. The building will have dock high loading on the east and west sides with parking to the north, south and west.”
 
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