The tourism industry in Maggie Valley declined four years ago when the Ghost Town in the Sky amusement park closed. The town purchased land that is now called the Maggie Valley Festival Grounds and has built two attractions there. One is the largest man-made waterfall in the state. The twenty-four-foot high waterfall, with five separate cascades flowing into a pool at the bottom, was the creation of Maggie Valley artist and resident Burton Edwards, who is known for his waterfall sculptures. The other project is a 36-foot-by-50-foot stage which will be used for concerts. Both attractions opened in October 2006.