JBROWN84,
I don't think they can stay in their current locations because they don't have much room left to build new rides. Most park increase their ride options to keep people coming back. When is the last time Frontier City or White Water added a new ride?
Here is how Frontier City and White Water get the money to move. They sell their land and rides (or move them to the other parks), purchase the land identified above and start from scratch. They could start out with 12 rides and build from there. Heck, Island of Adventure in Orlando only has 12 rides and it is one of the premier parks in the world. There is a park in Valdosta, Georgia located in a corn field and it boost 59 rides including 9 coasters. Valdosta population: 53,000. And don't think it is close to Atlanta or anything - it isn't.
In the Wisconsin Dells there are more theme parks. I get so tired of the "can't do it" attitude when all over the country it is being done.
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