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The chief executive of Bluegrass Boardwalk, as the park was to be renamed, said it wasn’t a particular regulation, lease clause or concern the park couldn’t turn a profit that led to its surprising decision. Instead, Natalie Koch said the company feared that in leasing rather than owning the park — as it does at Holiday World in Santa Claus, Ind. — it wouldn’t have the freedom it needed to run it successfully.
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