Louisville Metro Government officials say they remain hopeful that the Kentucky Kingdom amusement park will re-open next spring. A financing plan proposed by Mayor Greg Fischer in May to reopen the park would include more than $17 million in city-issued bonds, but Fischer’s chief financial officer tells the Courier-Journal that developer Ed Hart may try… Continue reading Talks Continue On Kentucky Kingdom Reopening Plan
From Dan Conti, Kentucky Public Radio Kentucky State Fair Board President Harold Workman says he’s still hopeful that Kentucky Kingdom amusement park can be reopened in 2012. Workman told a panel of state lawmakers recently that the board and Louisville Metro Government are close to finalizing an agreement to re-open Kentucky Kingdom next year. He… Continue reading Workman Says Deal Close To Reopen Kentucky Kingdom
Louisville Mayor Greg Fischer has unveiled a plan under which the Kentucky Kingdom amusement park would reopen in 2012. It calls for the city to issue 17-and-a-half million dollars in bonds, and would bring in a third-party investor. The bonds would be backed by parking revenues, occupational taxes, and the new partner. Louisville businessman Ed… Continue reading Fischer Proposal Would Reopen Kentucky Kingdom In 2012
Louisville businessman Ed Hart and the Kentucky State Fair Board have extended their interim agreement to negotiate a lease under which Hart would redevelop the Kentucky Kingdom amusement park. The park has been shuttered since its previous owner, Six Flags, declared bankruptcy in early 2010. Hart’s agreement was due to expire at the end of this… Continue reading Talks Continue On Kentucky Kingdom Reopening
Businessman Ed Hart has put forward a third proposal for re-opening the Kentucky Kingdom theme park next year. Hart first sought to renovate and re-open the park with a $50 million bond from the state. The General Assembly didn’t take up the issue. Hart then planned to use $20 million from the city this year… Continue reading Hart Revises Plans for Kentucky Kingdom, Still Hopes for 2012 Re-Opening
With a government shut-down looming and questions about how such a step would affect the average citizen, Phillip M. Bailey joins us to talk about what lawmakers from Kentucky and Indiana have been saying about the budget impasse and what next week could bring. Rick Howlett reports on a snag in plans to re-open Kentucky Kingdom, and Indiana’s defeated smoking bill.
They’ll also fill us in on a controversial proposal that would allow food stamps to be used to purchase fast food from Yum! Brands restaurants. Then we’ll join our colleagues at The Easter Standard, live from Keeneland with a conversation about the future of Kentucky’s racing industry, with the presidents of Keeneland, Turfway, and Churchill Downs.
The developer who wants to re-open Kentucky Kingdom amusement park says he’s not sure how to proceed after the city declined this week to approve a $20 million bond issue to get the facility back in working order. Ed Hart had hoped to use the money to partially reopen the park in 2012 and make… Continue reading Kentucky Kingdom Reopening Likely Delayed Again
The developer who wants to re-open Kentucky Kingdom amusement park says he’s not sure how to proceed after the city declined this week to approve a $20 million bond issue to get the facility back in working order. Ed Hart had hoped to use the money to partially reopen the park in 2012 and make… Continue reading Ed Hart: “Scratching My Head” Over City’s Ky Kingdom Decision
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.
Even though state funding may not be available this year, the group seeking to renovate and reopen the Kentucky Kingdom theme park is not yet looking for other sources of money. The Kentucky Kingdom Redevelopment Company’s plans to reopen the park next year hinge on whether the General Assembly grants the state Fair Board a $50 million bond.