If Ed fails with this, He should move to Freestyle or another struggling park.
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^I just don't think he is interested in saving KK because it was an amusement park. I get the feeling he is only doing it because it is his baby and he is letting his ego drive him more than anything. He doesn't want his past projected to be seen as ultimately a failure.
Three months after suggesting it may be time for the state to find a different use for the Kentucky Kingdom property, Governor Steve Beshear now tells WHAS11 he's hopeful a deal can be reached to reopen the amusement park.
"Well, we're talking and we'll see how that goes. But, obviously if there's a deal to be made that is good for the Commonwealth then we'll make one," said Beshear, "I'm hopeful that we'll come up with a deal that works. I really don't have any idea at this point whether we will or not, but we're positive about it. We're approaching it in that light."
After their first meeting two weeks ago, neither the state or an investment team led by developer Ed Hart has revealed the status of negotiations for his group to re-open the park.
The proposal calls for a $120 million investment and would use the park rides as collateral for a private loan instead of the burden falling on taxpayers.
Since 2010, two plans for reopening the theme park have fallen short. Hart's group failed to reach an agreement with the Fair Board in 2011, and earlier this year, Holiday World owners pulled out of their deal.
Change the scheme, Alter the mood! Electrify the boys and girls if you would be so kind!
^ Exactly what I was thinking with how many things have gone on in this ongoing saga. On today's episode of the Theme park and the restless will Hart get his plan thought the state fair board or will he be shot down yet again.
This whole thing is just stupid, in fact, I haven't even read this thread for about a month just because I'm so sick of hearing about it! All I care about is the Schwarzkopf, can we please just save the Schwarzkopf?!
Reopening this park is more than likely never going to happen. I just can't see anyone making a $120 million dollar loan with the rides as collateral. If reopening the park is such a great idea, why don't they move the location so the Fair Board is not involved. That could always buy the rides that are of any value and leave the rest to rot!
I agree that it doesn't add up. The longer it goes without the park being open, the harder it will be to actually refurb it to opening. It was said that Six Flags didn't put everything in it away properly to begin with, so who knows how much more damage is done every day...
Having said that, I think the fair board really deserves the bulk of the blame here. Six Flags was clearly really trying to make a go of it until the end. They were repainting rides, adding small but good capital investments, and what really seemed to be attempting to turn the place around. I think the fair board figured they would always be there, and so it didn't matter if they were a profitable park or not, Six Flags had to listen to them. The park didn't get money for parking and when it was the week of the fair, they had to open their gates and sell rides individually like carnies... while carnies actually set up rides right outside the park to get people to ride too. The fair board said that they had "no idea" this was coming and would have been happy to talk with Six Flags before they pulled out, but they couldn't. Before Six Flags had a legal way to break the contract (bankruptcy), why should the fair board negotiate with Six Flags? They didn't need to give anything up...
It's too bad, but I agree. This is all posturing so that when something new goes in the same spot, especially if it is a casino or something else not whole-family-friendly, then they can say that they did, "everything they could" to re-open the park.
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