http://www.latimes.com/local/lanow/la-m ... story.html
Update:
In a breaking news report, Colossus at Magic Mountain, which just closed around 3 weeks ago for its transition into Twisted Colossus, has caught on fire today around 1:30 PM. No one was reported injured, most likely because the park was not open today. The cause of the fire has been most likely due to welders doing construction work near the ride and a spark from the welders caught the wood on fire.
Here is a video of the firefighters spraying water at colossus to try to stop the flames. While they are doing this however, a piece of Colossus completely breaks off and falls to the ground. Credit to KTLA for the video footage and credit to whomever uploaded it to YouTube.
Photo Credit To latimes.com and Others