I don't think it's a matter of where they COULD have put it but more a matter of where THEY WANTED to put it.
I agree with you, I think there are at least 2 or 3 other spots that may have been better suited for this, one of which is near the back of the park so you could get an amazing view of the lake, or maybe somewhere in the area where Voodoo is and putting it in these spots, which lie a little lower than the location it's going in, could have meant a slightly taller ride. Whenever I've been to the park there has always been a line for Cobra, it seems like a family-popular ride, kind of stumped as to why they would get rid of it for this ride.
So Cobra is just going away or is it being moved to another location in the park, or another park?
Actually, I truly think it is an issue about where they COULD have put it. If I'm correct, I heard that the height limit of 150 ft only applies to the front part of the park, and that's why all of the biggest rides are up there. I think the height limit gradually decreases the closer you get to the lake, so, while it would be a fun setting, the back of the park would not be ideal for this kind of ride.
Why they have to remove Cobra, I don't know because there is probably some other place that could have worked.