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LOUISVILLE, KY. (WDRB) -- A group including former Kentucky Kingdom CEO Ed Hart indicated its interest on Tuesday in working to reopen the park.
Hart said in a statement, "Our plan calls for a $40-million investment and we are ready to go at once. The fact is that any delay beyond the 60-day deadline will jeopardize our ability to reopen Kentucky Kingdom as a full-fledged theme park by 2014."
The Kentucky Kingdom Redevelopment Company also includes Bruce Lunsford, Chairman and CEO of Lunsford Capital and Mary Moseley, CEO of the Al J. Schneider Company.
Lunsford said in the release, "The real risk to the taxpayer lies in not reopening Kentucky Kingdom. Surely the Fair Board knows that it would cost more than $100 million for the state to replicate Kentucky Kingdom, even in its current condition."
Hart maintains that it would be better for the state to guarantee a $30 million loan to redevelop the Kentucky Kingdom property than spend $8 million to demolish the park.
Moseley said, "Even in its worst years, Six Flags Kentucky Kingdom regularly averaged more than 600,000 visitors. As our group would be investing $40 million to upgrade the park and add many new rides and attractions, we are confident attendance at Kentucky Kingdom will actually increase."