By the mid-1980s, Cedar Point had grown into a successful collection of roller coasters and other smaller rides on the shores of
Lake Erie. In 1986,
Dick Kinzel took over as president and CEO of
Cedar Fair, the company that operated the park at the time. Kinzel saw a report on
CNN in 1988 about the opening of a new coaster in Japan called
Bandit at
Yomiuriland that emphasized height and speed but had no inversions. Kinzel wanted to introduce a similar coaster that emphasized steep drops and
negative g-forces over
inversions and spins, which were common at the time. It had been 10 years since the last major addition,
Gemini, was introduced. Cedar Point asked for proposals from
TOGO,
Dinn Corporation,
Intamin and
Arrow Dynamics to build a roller coaster without inversions or over-the-shoulder restraints. They chose Arrow, due to the weakness of the dollar at the time, which eliminated overseas production. Arrow was also working on the new
Iron Dragon at the time. Arrow and
Ron Toomer proposed a -tall coaster, to best the then-largest roller coaster drop on
Shockwave at
Six Flags Great America. That got Cedar Point's management interested in breaking the barrier, partly because of the publicity to be gained from building the first roller coaster to do so. The name
Magnum XL-200 was chosen because
Magnum, P.I. was popular at the time. "XL" and "200" were added for "extra-long" and standing at least tall, respectively. Funds from Cedar Fair
going public on the
New York Stock Exchange in April 1987 were used to fund the ride. Following its completion in 1989, Kinzel was one of the first people to ride the coaster, boarding the train after one test cycle. Cedar Point set a record attendance in 1989, due in part to the introduction of Magnum. To date, Magnum has been repainted once; the original track color was scarlet red, and later repainted
Molly orange in late 2005 which was completed in 2006. Cedar Point celebrated Magnum's 20th anniversary on opening day in 2009 with a ceremony and an appearance by Ron Toomer, its designer. A new entrance sign was also introduced. Magnum XL-200 has been the target of false rumors since 1998 claiming the structure was sinking due to unstable ground. The rumors supposedly started as an
April Fools' Day joke in an Ohio newspaper, but quickly spread via the Internet. Cedar Point quickly denounced such rumors. In 2019, Magnum XL-200 celebrated its 30th anniversary. The ride was repainted and new special effects were installed in the third tunnel. ==Ride experience==