Without State or City Bonds, Kentucky Kingdom Redevelopment Company to Regroup

by Gabe Bullard on April 5, 2011

Louisville businessman Ed Hart will discuss the various options for renovating and re-opening the Kentucky Kingdom theme park Wednesday.

The park closed last year when Six Flags declared bankruptcy. Hart, who owned the park before Six Flags, then proposed a spate of improvements and a plan to re-open the facility by next summer. Hart’s proposal relied on the General Assembly’s approval of a $50 million bond to finance the renovations.

The legislature didn’t take up the issue. Hart then entered into talks with state and local officials about the possibility of Metro Government issuing a $20 million bond for the park, which would still allow for a 2012 re-opening, but without many of Hart’s proposed improvements. Those plans also fell through, though a spokesperson for the Kentucky Kingdom Redevelopment Company says the proposal was one of several put forward.

It’s not known whether the park can still re-open next year. Hart is expected to talk to the media at 10:30 Wednesday morning.

Comments Closed

Comments on this entry are closed.

Previous post:

Next post: