Conneaut Lake Park emerges from bankruptcy

Posted | Contributed by Walt S

Managers of the amusement park have reorganized its finances and reached agreements to pay more than $3 million in debts. They're selling surplus property to help finance the repayments. Most recently, a lot fronting Conneaut Lake sold for $255,000 in January. The lion's share of the proceeds went to local taxing authorities, toward the park's $1.3 million property tax debt.

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