LOUISVILLE, Ky. (WDRB) -- The effort to bring back Kentucky Kingdom takes a big step forward as city leaders approve a plan that gives it public financing.

The ordinance passed almost unanimously during Thursday's Metro Council meeting. Only one member abstained from the vote.

The city will pay $100,000 in financial support for Kentucky Kingdom as long as the park meets specific, yearly job targets - including creating more than 700 jobs within three years of opening.

"This is bringing back a lot of summer jobs, as well as permanent jobs, and will help the local economy in terms of the conventions as well," said Councilwoman Marianne Butler.

The ordinance requires annual reporting to the council to show the park meets those requirements.

But Councilman Dan Johnson says job creation is not the only reason to support the reopening of the park.

"It's not for us -- it's for our children to enjoy. It will be our children who will be working there. It will be a great thing that we've been missing for years and it needs to be brought back soon, and we certainly have the right person to bring it back. And it's coming next Memorial Day and I can't be more proud," Johnson said.

The park closed in 2009 when Six Flags backed out of renewing the lease.

Developer Ed Hart plans to reopen the park in May 2014.

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