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

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.

In Depth: The Special Session’s First Days

Governor Steve Beshear says if lawmakers can’t reach agreement on how to close a huge deficit in this year’s Medicaid budget, he will have to cut reimbursement rates to Medicaid providers by 35% on April 1st. Steve Shannon of the Kentucky Association of Regional Mental Health Centers says if that happens, layoffs and furloughs will ensue. And right now, the centers are serving 172,000 Kentuckians with mental disabilities.