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Posted

Legoland KY? Doubtful, aren't all the current ones year round parks? Anyways, if the rides are currently only worth 9 million and it would cost a fortune to get everything up and going I just don't see how the park would be worth it. Especially when there's a larger 206 acre lot "for sale" just down the road from the current park. http://www.commercialsource.com/CS3017896 At 20 million they'd have some equity that a leased lot wouldn't provide granted it would take much more to fill in an empty lot. Though if you had to rebuild most everything anyway perhaps the cost wouldn't be much different especially if you were able to buy all the rides from an abandoned park at a group price. Now granted I don't know much about real estate so I don't know the specifics for that lot, I do know it would suffer the same height limitations as it's in line with the airport. Then there's this 400 acre lot http://www.commercialsource.com/CS3017029 again know nothing about whether or not an amusement park could be built on either lot but definitely seems like there's better options while staying in the area.

Posted
The loan guarantee by the state would put “the taxpayers on the hook,” Beshear said. “I don’t know how interested the taxpayers would be in the state taking that kind of risk.”

This taxpayer is not at all interested in his state taking that risk.

Posted

The Governor realizes that if the park was worth saving, it would be saved by now. I'm sure that idled state owned property isn't a good thing in the eyes of the state government.

  • Like 2
Posted
it seems Governor Beshear and the Fair Board would rather do business with anyone but Ed Hart. But why?

Maybe because Mr Hart's deal involves a 30 million dollar loan guaranteed by the state for a twice failed amusement park.

  • Like 1
  • 2 weeks later...

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