Ed Hart will participate in bid process for Kentucky Kingdom
Posted
A group led by businessman Ed Hart said Tuesday that it plans to submit its plan to reopen the long-shuttered Kentucky Kingdom amusement park through a competitive process outlined by the Kentucky State Fair Board. Hart’s group submitted the $40 million plan for reopening the park to the fair board last week. The fair board, however, voted Thursday to comply with Gov. Steve Beshear’s directive to solicit competing proposals from prospective park developers as soon as possible.
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It sounds to me no matter how many proposals for this park are proposed, the fundamental problem is always still there: the Fair Board.
That seems to be the anchor that keeps sinking this ship.
I still do not see how this works business wise.
The proposal is for them to invest 10 million(the other 30 plays in down the road)
to make back 10 million they need 285,715 guests @ 35.00 ea
that is 50,000 guests a month
Assuming food/drink/merchandise sales can bring in enough to pay expenses to run park
if they want to make back in first year
If they could get that it never would have closed.
I drove by this park when it was open and I had Six Flags pass So It would have cost me nothing to go except time(I was on my way to Holiday World)
and I did not stop
Is really that much of a stretch? I think a decent marketing campaign can wrangle up that many, wasn't Kentucky Kingdom bringing in way more than that in its glory days?
kevin38 said:
I still do not see how this works business wise.
The proposal is for them to invest 10 million(the other 30 plays in down the road)
to make back 10 million they need 285,715 guests @ 35.00 ea
At the end of the period where Ed Hart was in charge, they had over a million guests a year, so why should less than 300000 be such a problem?
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