Friday, October 29, 2010
Reopening Of Kentucky Kingdom Delayed
KENTUCKY....
The Kentucky Fair Board and Kentucky Kingdom investor Ed Hart say the Louisville amusement park won't reopen next year as planned because they need the General Assembly to approve bonds to finance improvements at the park. The State Fair Board intends to recommend that lawmakers, who convene in January, authorize the sale of an estimated $50 million tax-exempt bond issue to pay for upgrades that would include at least two new attractions and an expanded water park. Hart had been scheduled to present a preliminary business plan for the park to the board at a meeting Thursday, but he was given until March 31st to refine the plan. Six Flags abandoned the park earlier this year after it failed to reach a lease agreement with the fair board.