Ed Hart and Co. have secured some serious financing deals, and next year looks increasingly promising.
The partners in Kentucky Kingdom LLP are providing $28.5 million in capital, $18.5 million in equity and $10 million from a newly secured loan. The partners have formed Themeparks II, LLC to secure that $10M. The Bank of Kentucky is providing a $15 million loan, for a total of $43.5M.
Aside: My opinion - they're going to need it.
I don't see them opening the whole park at once and certainly not the twisted twins area. Even the front area could have some rides not open.
Im pretty sure they'll do whatever they have to to get the full waterpark open possibly opening some other attractions as they get them finished and approved. Thunder Run has structural damage from trees and is probably going to need total train rebuild among other things.. T2? Who knows? Id even consider Leasing some Flatrides to add more variety until many of the Majors can be brought online.
Lesourdsville was Closed for two years and it was a mess. KK has been closed almost four.
Main thing is getting going and making this a little more than Louisville's babysitter.Last edited by Charles Nungester, Wednesday, June 26, 2013 9:26 PM
So what you're saying, Chuck,mis that you've read all the same articles we've read and your basically repeating everything Ed Hart has said. Got it.
Actually Tek, That was my observation and I was once again, astoundingly wrong.
If they want to have the grounds cranked around, they can just hire & clone the grounds crew at Canobie. Give us enough power equipment and we can do the impossible in a month. Miricles will take at least three.
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