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VIRGINIA BEACH -- Ocean Breeze Waterpark is under new management.

The Virginia Beach attraction has been acquired by former Six Flags executives Kieran Burke and Gary Story, officials announced Thursday.

'Ocean Breeze is an iconic part of Hampton Roads and we intend to invest our resources and energy in making the popular water park even more exciting,' Kieran Burke said in a press release.

Plans are being made for a multi-year redevelopment program; some of the work will begin this year, including a multi-million dollar expansion to improve quality and variety of attractions, officials added.

Burke and Story respectively served as Six Flags' Chief Executive Officer and Chief Operating Officer for more than 10 years.

Terms of the acquisition were not disclosed.

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