Here is their official announcement today:
Since its opening in 1977, Wet ‘n Wild Orlando has been a place where guests have created wonderful memories. As America’s first water park, Wet ‘n Wild has been the birthplace of numerous innovations that are now considered a common part of the water park experience.
Today, we are announcing that the park will close permanently on December 31, 2016. However, the groundbreaking spirit that has defined Wet ‘n Wild will continue in the development of Universal’s Volcano Bay, a next-generation water theme park that reimagines what it means to be a water park.
We’re grateful to our countless fans and team members for making Wet ‘n Wild such a special place for so very long.