The Kentucky state fair board is both biting the hand that feeds and shooting themselves in the feet. Six flags planned a water park, then entered bankruptcy protection. Sf said this is our final contract offer or we opt out, Kentucky fair says "omg what?" completely unexpected..... Then they sue to try to repo all the rides sfi bought from the previous owners.... Now they sue and put a pr spin on it in order to make sf look bad. Ok, fine.
Two problems... Even if Kentucky fair owns all permanent rides, all theme stuff, props, cars, and flat rides would be sf property. Six flags also claims to have paid property tax each year on all the rides they bought (many, many millions in total) not only is this legal precedence that establishes ownership, but is also leverage that if Kentucky fair owns the rides legally, then they will owe tax refunds to six flags, and may have committed fraud by making six flags pay taxes on tens of millions of dollars of equipment each year.
Other problems: six flags owned most of the land chang was on, tt was on, t2 was on, and other rides were on. Most land under chang and parts under tt and t2 and other rides. Six flags has no obligation to sell their land, an the same laws protect them so even if the state fair own parts of those rides, they would neither be able to operate nor remove the rides....
So with no rides, a broken up park with little land, and a landlord that has been proven to be greedy and will claim ownership of anything you invest in the park, nobody will run this park. Heck even if six flags loses all rides on fair land, they could hold their land and not sell it just to prevent the fair from running the park and rides partly on sf land.
This situation sucks, and I think the best solution for everyone would be for the fair board to accept six flags contract offer.