Valleyfair is a 125-acre amusement park in Shakopee, Minnesota, United States. Owned by Cedar Fair, the park opened in 1976 and now features over 75 rides and attractions including eight roller coasters. Valleyfair also has a water park called Soak City which is included with the price of admission. Cedar Point and Valleyfair were the first two parks in the Cedar Fair chain (although Cedar Point Amusement Park originally opened in 1870) and a combination of the park names – “cedar” and “fair” – were used to name the company.