Kentucky Kingdom may drop new roller coaster plans without fair board approval

Posted | Contributed by Jeff

Kentucky Kingdom is threatening to cancel plans for a new roller coaster if it can’t get approval from the fair board before their first payment is due to the manufacturer.

Read more from The Courier-Journal.

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The perils of dealing with a state agency for a lease on the land where you are trying to build a multi-million dollar fixed asset that becomes essentially worthless as soon as you build it.

Hart and Lunsford should have anticipated this (and I wouldn't be surprised if they did, by that I mean, relatively small, unusual, and unexpected cap addition at the last minute).

Well, it looks like a fight. (And what down there isn’t?) But Hart’s reponse was that they gave the State the lead time they should’ve needed. But that how things go, there’s two sides to the coin, and as usual it sucks.
That fairgrounds is busy with many events throughout the year, but I’d think that daily operation of an amusement park has to bring extra revenue on land that would otherwise sit. Parking and taxes alone bring in coin, right?

Isn't the coaster already under construction?

Regardless, this seems like mere positioning for a resolution, and not a threat that results in the cancellation of the ride.

RCMAC said:

Well, it looks like a fight. (And what down there isn’t?) But Hart’s reponse was that they gave the State the lead time they should’ve needed. But that how things go, there’s two sides to the coin, and as usual it sucks.
That fairgrounds is busy with many events throughout the year, but I’d think that daily operation of an amusement park has to bring extra revenue on land that would otherwise sit. Parking and taxes alone bring in coin, right?

That was certainly the Fair Board's opinion during the SF Bankruptcy case.

OhioStater's avatar

It sounds like nothing more than a good ol' fashioned battle of the egos with regards to the Fair Board's position. Sadly, the park patrons will be the real losers if it remains a stalemate; it looks like a very solid (and smart) addition to the park.


Promoter of fog.

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