The Interpreter Posted May 12, 2015 Author Share Posted May 12, 2015 Existing debts are part of the bankruptcy action. For now, they only got 150k more (and more debt) to work with. 1 Quote Link to comment Share on other sites More sharing options...
Oldiesmann Posted May 13, 2015 Share Posted May 13, 2015 I'm assuming that's the 150k from the company that's managing the park... Definitely not looking good. Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted May 18, 2015 Author Share Posted May 18, 2015 And: http://www.yourerie.com/news/news-article/d/story/motion-filed-for-unlawful-seizure/20262/uZ0vv-poiU-dcK8Kqkaomw 2 Quote Link to comment Share on other sites More sharing options...
Oldiesmann Posted May 20, 2015 Share Posted May 20, 2015 So basically the group that insured The Beach Club is separate from the groups involved with the rest of the park? This could get quite interesting. Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted May 20, 2015 Author Share Posted May 20, 2015 Second $150,000 loan approved, subject to contingencies: http://www.yourerie.com/news/news-article/d/story/conneaut-lake-park-loan-approved-in-court/12176/NvW1JCbUIE64QbjK-k29xw 1 Quote Link to comment Share on other sites More sharing options...
jcgoble3 Posted May 20, 2015 Share Posted May 20, 2015 They say the park is set to open May 23. Um, that's THIS SATURDAY. Really? Can they really get even a reasonable number of rides (never mind all of them) ready for the season by then, having only JUST gotten the financing? Financing that is contingent on opening by Memorial Day, which is next Monday? I'm trying to be optimistic here, I really hope they can succeed, but IMO this has failure written all over it. 4 Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted May 21, 2015 Author Share Posted May 21, 2015 About which: http://www.yourerie.com/news/news-article/d/story/conneaut-lake-park-preparing-to-open-memorial-day/46520/4iLGi3zPAUurJ194DtL8sg 4 Quote Link to comment Share on other sites More sharing options...
Steph88 Posted May 21, 2015 Share Posted May 21, 2015 ^Hmm... I like the idea of "deseasonalizing" with activities year round. Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted May 21, 2015 Author Share Posted May 21, 2015 I can just see Conneaut Lake Park the second week of February.... 5 Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted May 23, 2015 Author Share Posted May 23, 2015 http://m.meadvilletribune.com/news/many-details-still-to-work-out-as-conneaut-lake-park/article_3ffe1d7c-ff5b-11e4-9274-57de3d54989d.html?mode=jqm 2 Quote Link to comment Share on other sites More sharing options...
Creed Bratton Posted May 23, 2015 Share Posted May 23, 2015 The No Chickens family (lol), myself and a friend will be visiting the Saturday after Coastermania at Cedar Point...shall be interesting. 4 Quote Link to comment Share on other sites More sharing options...
jcgoble3 Posted May 23, 2015 Share Posted May 23, 2015 http://m.meadvilletribune.com/news/many-details-still-to-work-out-as-conneaut-lake-park/article_3ffe1d7c-ff5b-11e4-9274-57de3d54989d.html?mode=jqm According to that article, which is two days old, today was opening day. I wonder how it went. 1 Quote Link to comment Share on other sites More sharing options...
Oldiesmann Posted May 23, 2015 Share Posted May 23, 2015 I still don't understand how the loan is going to help them get out of debt, but it sounds like the current group has good plans for what needs to be done and such. Hopefully the park will survive. 2 Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted May 23, 2015 Author Share Posted May 23, 2015 http://m.meadvilletribune.com/news/many-details-still-to-work-out-as-conneaut-lake-park/article_3ffe1d7c-ff5b-11e4-9274-57de3d54989d.html?mode=jqm According to that article, which is two days old, today was opening day. I wonder how it went. A. The article was not two days old. B. The park did not open Friday. C. Workers were working frantically all day Friday to get the park ready. D. The park opens today, Saturday. http://www.wfmj.com/story/29137084/conneaut-lake-park-opens-for-the-summer-season 4 Quote Link to comment Share on other sites More sharing options...
jcgoble3 Posted May 23, 2015 Share Posted May 23, 2015 OK, so we have conflicting articles. One from Wednesday or Thursday, saying that it was set to open yesterday, and one from yesterday, implying that it is set to open today. My head hurts. And for the record, the article I commented on is/was indeed two days old: Note the circled timestamp; it was also saying "2 days ago" as of my post last night. 3 Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted May 23, 2015 Author Share Posted May 23, 2015 Perhaps Kentucky Kingdom is handling their public affairs. 2 Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted May 29, 2015 Author Share Posted May 29, 2015 http://www.communitynewslinesville.com/index.php/News-Conneaut-Lake/headlines-for-may-25-2015.html Scratches head... 5 Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted June 8, 2015 Author Share Posted June 8, 2015 Hotel Conneaut: Who is doing the bookings? http://www.yourerie.com/news/news-article/d/story/hotel-conneaut-experiencing-event-booking-dilemma/26189/5Hj8amDBQkeijqTSvONmOw http://m.meadvilletribune.com/news/local_news/trustees-taking-over-new-hotel-conneaut-event-bookings/article_34c6b6ac-09a7-11e5-9477-83be75b102e2.html?mode=jqm 1 Quote Link to comment Share on other sites More sharing options...
Browntggrr Posted June 9, 2015 Share Posted June 9, 2015 This whole story is just terrible. The same group (Park Restorations) ran the club that burned down is the same group operating the hotel. They paid for upkeep on the club & all the items in the club and, most importantly, the insurance on the club. Club burns down and the trustees want the insurance $$. Park Restorations has spent a great deal of $$ to keep up the hotel and make improvements, thus increasing the overall value of the property. That $$ spent was to come off the rent payments. Now the trustees are ignoring the improvements and only want what they consider back rent. The sad part is if it was not for Park Restorations, there would be no hotel upkeep thus killing property value or added attention at all to the park. It's not like there was a line of people wanting such an undertaking. 2 Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted June 30, 2015 Author Share Posted June 30, 2015 Conneaut Lake Park Seeking Gardening Help: http://m.sharonherald.com/community/conneaut-lake-park-seeking-gardening-help/article_ed803744-1e8e-11e5-8e35-7728c0caae34.html?mode=jqm 3 Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted July 1, 2015 Author Share Posted July 1, 2015 Supposedly a nice article about community fireworks: http://m.meadvilletribune.com/news/local_news/conneaut-lake-area-businesses-chip-in-for-community-fireworks-display/article_a16cbbc6-1fa5-11e5-abdc-8fbccc5073cb.html?mode=jqm It gets uglier and uglier. 2 Quote Link to comment Share on other sites More sharing options...
Browntggrr Posted July 2, 2015 Share Posted July 2, 2015 You would think the trustees would be all for anything that can bring in some revenue and attention to the park. Not necessarily shelling out $2500, but be open to help out. All they keep saying is: No, No, No. 3 Quote Link to comment Share on other sites More sharing options...
WindingSon Posted July 5, 2015 Share Posted July 5, 2015 Unless they'd rather have it be a residential property. 1 Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted July 5, 2015 Author Share Posted July 5, 2015 They had best be making money this summer. The reorganization plan is due next month, and the creditors be watching. From all accounts, so far they are not amused. 2 Quote Link to comment Share on other sites More sharing options...
WindingSon Posted July 5, 2015 Share Posted July 5, 2015 I want to see the park survive. I really do. But this one sounds like it's been horribly mismanaged for such a long time with no money to be had that it's a wonder it's still around. The local government also sounds like they've had it with the park and are just waiting to pick the bones once it's officially dead. Sad. Long live Blue Streak. Long live the Pretzel at Bushkill too. But you know how that one ended. 4 Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted July 6, 2015 Author Share Posted July 6, 2015 Much, much more: http://triblive.com/mobile/8660386-96/park-turner-trustees 2 Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted July 6, 2015 Author Share Posted July 6, 2015 "...I'm feeling pretty good we are on the right track." http://m.meadvilletribune.com/news/despite-obstacles-conneaut-lake-park-still-a-nostalgic-draw/article_35d7c61c-21f3-11e5-b319-9b1d8b9a0b01.html?mode=jqm 3 Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted July 10, 2015 Author Share Posted July 10, 2015 Land Sale Proposal To Be Heard In Federal Court August 4: http://m.meadvilletribune.com/news/local_news/conneaut-lake-park-s-land-sale-proposal-will-be-heard/article_70676d46-2527-11e5-8a7c-dfcd25cb7bcd.html?mode=jqm Trustees hope to sell land under their auspices next YEAR if approved. 2 Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted July 11, 2015 Author Share Posted July 11, 2015 The Trustees' selected Realtor is "surprised" by the property's high value? http://www.yourerie.com/news/news-article/d/story/trustees-select-greg-rubino/11217/HWPLbxY-x0WyTxNhZWy0MQ Please. The creditors should and doubtless will insist on several independent real estate appraisers' well developed, fully supported opinions of value, before someone's sister-in-law gets a sweet deal. 2 Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted July 15, 2015 Author Share Posted July 15, 2015 http://www.njherald.com/story/29546425/struggling-pennsylvania-park-finds-favor-with-young-families?clienttype=smartdevice Some points: * Nearly $4 million in debt. * 2000 people last weekend at $10 (if they ALL paid-see recent reports) is $20,000. 15 such weekends would pay the $300,000 in new loans this year, BUT where is the labor, taxes, insurance, utilities, maintenance, cost of goods.... not to mention capital spending? The hole just gets deeper and deeper... 2 Quote Link to comment Share on other sites More sharing options...
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