Idora is dead. Period. Memories will be around for years. If they would have survived, possibly Conneaut Lake or Waldameer would have closed. Idora was not the only casulty of the rust belt/theme park/highway/high real estate values/2 week vacation boom that crippled parks across the USA. Reality-----there were better parks that fell to those causes.
West View, Palasides, Rockaway, Riverview, Euclid Beach, Long Beach Pike, etc.. Worst parks, oh yeah, Cascade, Walbridge, Summit Beach, Rainbow Gardens, etc. Idora was a group picnic park. The owners never wanted any more, they handled what they could. They relied on the steel mills for weekend picnics, and the park was dead during the week. The mills closed, and since they had $0 debt, they tried to wait it out, but the Wildcat burning was the call to end gracefully.
They could have rebuilt that ride in about 1 month. They chose to just operate with in their means. I respect that. They knew what was coming. It was a great neighborhood park, but when you can't expand much, and the bus lines come from all over, your clientele will not improve. If this would have happened 10 years later, they could have opted to convert to a waterpark, or some similar family attraction, but in 1984 that would have been an outlandish idea for owners who were in the 70's.
Conneaut Lake is still working a proposal to move the Back Wabbit to their park. How? Well, some of the maintenence staff there worked at Idora. They are familiar with the structure, and it is okay. They have blueprints. They have land. Want to help. Visit Conneaut Lake, and tell friends to visit, so a cash flow is maintained, and financing is available. Conneaut Lake was fortunate to get some of those big compnay picnics that Idora had, so there is always a chance to visit an open gated park that grandparents and families can go together.