Conneaut Lake Park finances improving, still not close to exiting bankruptcy

Posted | Contributed by Jeff

Debt owed to secured creditors is down to $1.3 million after beginning at $2.9 million when Trustees filed for bankruptcy in 2014. As part of its bankruptcy plan, Conneaut Lake Park is paying $30,000 quarterly to its secured creditors. Money for it has to come from operating revenue — meaning the park has to generate income to make the payments.

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