Conneaut Lake debt auction may force sale of park
Posted
Summit Township has accepted the lone bid for the sale of a $152,000 debt the township is owed by Conneaut Lake Park. A bid of $200,000 was submitted Tuesday afternoon at the township’s year-end meeting. The as-yet-unnamed winning bidder could end up forcing a sale of park assets — including land — to satisfy the judgment by filing for a writ of execution with county court, according to Bob Bailey, an attorney with Shafer Law Firm, who handles sheriff’s sales for the county.
Read more from The Meadville Tribune.
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Jeff
Uh, they've been able to hold on by not paying their taxes. That's not a business strategy.
Jeff - Editor - CoasterBuzz.com - My Blog
beast7369
I have to honestly wonder why a "public trust" even have to pay taxes. It the "public" already owns it aren't they really just taxing themselves? Seems a little backwards to me. We don't tax the park districts do we? We don't tax municipalities? No we tax the people who use their services....and some that don't.
robert mosley
I hope they are able to save the park because I'd hate to
see another family type park shut down. I'm still missing
Williams Grove even though I know the fate of that park
was just that nobody wanted to buy it and not debt. Long
live the Blue Streak!
http://www.coasterfan.org
click on my blog at the top to see some old pics and vids
from Willimas Grove. I have a Cyclone Vid up.
Rob Mosley
coasterqueenTRN
Yeah, one can only hope. I have only been to the park once but I had an amazing time. It went beyond my expectations. :)I am glad a lot of our visit was taped! I miss Grandma. She was a blast to talk to!
-Tina
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