SharkTums wrote:I don't like this idea at all. The Koch Family and Holiday World have a great business and should continue to expand and improve locally. This is a VERY different beast.
My thoughts exactly! This all makes me a bit nervous. While it would be awesome to see KK saved and reopened, I really don't want KK taking any focus, time, or money away from Holiday World. The park is too good for that, and I think they have SO many great opportunities to expand and improve!
This could be a smart move for Holiday World. It seems like there's political pressure for Kentucky Kingdom to reopen, and it seems like the search to find a viable management team has been a struggle. I think one way or another this park is going to reopen eventually- and it's market does overlap with Holiday World. If Holiday World had control over the park, they'd also have control over that entire market.
It seems unlikely that the lackeys at the fair board would ever give up enough control/stake for this arrangement to make sense. It never hurts to consider your options, but it's also not good to make a bad deal just to be able to expand.
"There's nothing wrong with it. It just needs some tweaking,"
Holiday World has sent us a press release regarding the formation of a new company run by members of the Koch Family (of Holiday World fame) who are working to reopen Kentucky Kingdom.
Members of the Koch family in Santa Claus, Indiana, continue to explore re-opening Louisville’s amusement and water park in 2013. Four family members have formed a new company – Bluegrass Boardwalk, Incorporated – to negotiate a lease agreement with the Kentucky State Fair Board, secure financing, and apply for economic development incentives from the Commonwealth of Kentucky. No public monies will be requested from the Kentucky Legislature by Bluegrass Boardwalk, Incorporated.
The members of the Koch family involved in discussions with the Kentucky State Fair Board as Bluegrass Boardwalk, Incorporated are Holiday World president Dan Koch, his sister Natalie Koch, their cousin Kathy Kamp, and her husband, Michael Kamp, who is a General Manager at Holiday World. Dan, Natalie and Kathy are grandchildren of Holiday World’s founder, Louis J. Koch, who opened the park (originally called Santa Claus Land) in 1946.
Just learned about this through a re-tweet Holiday World just did. Oh my, they're actually getting involved in this? I have no idea where this is gonna go now, and I did not see this coming at all! I wish them much luck in this, and many thanks for helping re-open the park!
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