A Big Piece of Panama City Beach History is Going to Cypress Gardens in Central Florida

Cypress Gardens is expanding its attractions in an effort to increase its appeal as a family destination.

The 70-year-old central Florida theme park currently in bankruptcy proceedings has announced the addition of a historic roller coaster from Panama City and a new play area.

The kids area will be called Bugsville and will feature 13 rides. The park is also adding the historic Starliner. It's a 43-year-old wooden roller coaster that was once the main attraction at the now-defunct Miracle Strip amusement park on Panama City Beach.

Cypress Gardens filed for bankruptcy protection in September. It reported $25 million in debts incurred after it was hit by three hurricanes in 2004.