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LOUISVILLE, KY. (WDRB) -- $10 million in sales tax credits have been approved for Kentucky Kingdom.
Developer Ed Hart has until mid-May to decide whether to move ahead with the re-opening of the amusement park. His group says it will invest more than $40 million to bring Kentucky Kingdom back to life.
The park has been closed since 2009, and Hart says he's optimistic it could re-open next year.
Hart said in a news release, "However, we have found that it will cost more on our part to reopen Kentucky Kingdom than we originally thought. My partners and I are prepared to make the additional commitment needed to cover that cost and all of the parties involved understand that it will take until the end of June to complete the financing and various interparty agreements."
Hart also pointed out that there are 100 buildings and over 40 rides that had to be inspected prior to being repaired and refurbished. He says later this summer we'll see details of the planned expansion and both the refurbished and new rides.