The Interpreter Posted January 11, 2013 Posted January 11, 2013 http://www.courier-journal.com/article/20130110/NEWS01/301100031/Fair-Board-closer-considering-Kentucky-Kingdom-lease Quote
The Interpreter Posted January 11, 2013 Posted January 11, 2013 See also: http://m.wdrb.com/default.aspx?pid=2705&wnfeedurl=http%3a%2f%2fwww.wdrb.com%2fstory%2f20553749%2freport-kentucky%3fclienttype%3drssstory Quote
CoastersRZ Posted January 11, 2013 Posted January 11, 2013 That is encouraging news for the park reopening. They still have a lot of work to do before the park greets any paying customers though. 2 Quote
Gordon Bombay Posted January 11, 2013 Posted January 11, 2013 So it seems they're meeting on the 24th to negotiate the lease, NOT sign one? Quote
CoastersRZ Posted January 11, 2013 Posted January 11, 2013 I took it as they were going to consider approving the lease at the January 24th meeting. Quote
The Interpreter Posted January 11, 2013 Posted January 11, 2013 Why would you think that? The Fair Board Chairman clearly indicates the due diligence isn't done yet. See today's CJ article. Quote
CoastersRZ Posted January 11, 2013 Posted January 11, 2013 I missed that part in the article. Even if they do sign a lease, they still have a lot of work to do in order to reopen the park. Quote
fyrfyter Posted January 11, 2013 Posted January 11, 2013 I took it as they were going to consider approving the lease at the January 24th meeting. According to the Courier Journal article updated today, they are. Quote
The Interpreter Posted January 11, 2013 Posted January 11, 2013 I took it as they were going to consider approving the lease at the January 24th meeting. According to the Courier Journal article updated today, they are. I see language indicating the Fair Board will consider a lease if the state concludes negotiations. I see nothing, as of this posting, saying anything is definitive that it will be on the agenda for the 24th. It may very well be. It may not be. Quote
sccard01 Posted January 11, 2013 Author Posted January 11, 2013 I think it's true. IMO there's nothing to negotiate with the FairBoard. They know what the KKRC wants, the same contract they had with the Koch family last summer. The Fairboard just needs to put that same contract on the table at the next meeting and let it be signed. Quote
The Interpreter Posted January 11, 2013 Posted January 11, 2013 The Fair Board is not negotiating this matter. The State is. 2 Quote
The Interpreter Posted January 14, 2013 Posted January 14, 2013 Which Lance Hart also does not understand: http://screamscape.com/html/kentucky_kingdom.htm The Governor directed the Finance Cabinet to negotiate this matter, which it is. All the Fair Board can do is accept or reject any deal reached. Quote
westcoaster Posted January 14, 2013 Posted January 14, 2013 I loved the park but I don't see Louisville getting another park, nor this one reopened, as much as I would like to see it happen, with Holiday World, the Park in Bowling Green and Coney and Kings Island to the north along with the Beach reopening. I feel that some of the blame is the fair board, as much as I would like to see this happen it may just not be right , also dealing with the fair board!. 1 Quote
The Interpreter Posted January 22, 2013 Posted January 22, 2013 Rumblings indicate a decision should be announced soon.... Quote
sccard01 Posted January 22, 2013 Author Posted January 22, 2013 More news. Things are looking more and more positive. http://www.courier-journal.com/comments/article/20130122/NEWS01/301220055/City-convention-bureau-offer-Kentucky-Kingdom-incentives http://www.wdrb.com/story/20649709/optimism-that-kentucky-kingdom-could-open-in-a-year-or-two http://www.whas11.com/news/local/Pricey-marketing-blitz--187954001.html Quote
The Interpreter Posted January 22, 2013 Posted January 22, 2013 CJ Says Beshear Endorses Lease Deal. Fair Board To Vote Thursday: http://www.courier-journal.com/article/20130122/NEWS01/301220055/City-convention-bureau-offer-Kentucky-Kingdom-incentives Quote
The Interpreter Posted January 23, 2013 Posted January 23, 2013 More: http://m.bizjournals.com/louisville/news/2013/01/22/fair-board-to-consider-kentucky.html?r=full Quote
sccard01 Posted January 24, 2013 Author Posted January 24, 2013 Governor wants fairboard to approve the lease tomorrow. There's now speculation Ed Hart already has the financing in place! http://www.wdrb.com/story/20661908/gov-beshear-endorses-proposed-deal-to-reopen-kentucky-kingdom Quote
sccard01 Posted January 24, 2013 Author Posted January 24, 2013 Kentucky Kingdom to Reopen May 2014. News conference is at 2:30pm 2 Quote
Browntggrr Posted January 24, 2013 Posted January 24, 2013 Ed Hart press conference @ 2:30pm on KK approval. Quote
Outdoor Man Posted January 24, 2013 Posted January 24, 2013 haven't they been to this point before? Quote
stashua123 Posted January 24, 2013 Posted January 24, 2013 I don't think so haven't they been to this point before? Quote
sccard01 Posted January 24, 2013 Author Posted January 24, 2013 haven't they been to this point before? No. Ed Hart didn't have a lease nor funding last time. Quote
Outdoor Man Posted January 24, 2013 Posted January 24, 2013 not necessarily with Mr. Hart. Thinking of Holiday World and the Bluegrass Boardwalk. Quote
Hendrick Posted January 24, 2013 Posted January 24, 2013 Wow. But I still feel like I'll believe it when I see the park reopen. Quote
westcoaster Posted January 24, 2013 Posted January 24, 2013 No gurantee till the park opens. Will it be a full amusement park, lots of questions/ Quote
The Interpreter Posted January 24, 2013 Posted January 24, 2013 Summary of lease agreement: http://m.14news.com/autojuice?targetUrl=http%3a%2f%2fwww.14news.com%2fstory%2f20671315%2fsummary-of-kentucky-kingdom-lllp-lease-agreement Quote
Dieseltech20 Posted January 24, 2013 Posted January 24, 2013 Pay close attention to numbers 10 and 11. I wouldn't start holding my breath just yet. Oh well, if all works according to plan this year, my family will have plenty of parks to choose from come 2014. 3 Quote
TheBEASTunchained Posted January 24, 2013 Posted January 24, 2013 Does anyone have a link to a video of the press confrence? Quote
The Interpreter Posted January 25, 2013 Posted January 25, 2013 In essence, Hart & Co. now have 90 days to round up financing and to assure themselves the park is not in worse condition than they expected. The state has the same 90 days to approve the financing. Either party could walk out of this deal during that 90 day period. Quote
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