City won't offer bonds for Kentucky Kingdom, park will not open in 2012
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Kentucky Kingdom's future is in doubt after Mayor Greg Fischer's administration said it won't help pay to reopen the amusement park next year. Ed Hart, who heads the group trying to reopen the park as a public-private partnership, recently asked the Louisville metro government to approve a $20 million bond issue to help open at least part of the park.
Read more from The Courier-Journal.
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I still think that the amount he was asking for was astronomically high to begin with.
Jeff - Editor - CoasterBuzz.com - My Blog
Ya i agree it is a lot.
Ed Hart did a lot of great things for this park.. but then Six Flags took over and this once great park, started to get worse and worse every year sadly enough.
In other news.. Hard Rock Park or FSP still a Epic Fail!
No I don't have a kid, but I still want to ride!
Jeff said:
I still think that the amount he was asking for was astronomically high to begin with.
I agree and I'm sure that is the big problem. He should be seeking the 8-10 million needed to rehab The rides, building and slides. Basically their property. I think it's a bit much to ask for an additional 10 million to add new equipment.
Lets worry about getting the park open and safe and then focus on expanding. Not to mention he'd then have profits to pay for some if not all of it.
I agree he was asking a lot.But if he were to just reopen it with the rides it currently has he would draw less guests than Six Flags did.So expanding enough to get more people in is critical to reopening profitably .
If he low balled and reopened for 6-10 million then doesn't draw enough to make money it would not last very long.
I drove by this park on the way to Holiday World at least twice
while I had a Six Flags Season pass and never stopped.
If it is so small I did not stop when I could get in for free
How are they going to get paying guests in now(with fewer rides than then)
If gas prices do not kill this economy(different threads i know)
Maybe the bond issue can be raised next year.Rushing to open it with nothing new will kill it forever.If the customers do not show up
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