LOUISVILLE, Ky. (WHAS11) -- The Kentucky State Fair Board met for the first time Thursday since plans for the proposed Bluegrass Boardwalk theme park fell through.
Board members said they were disappointed, because there were no signs that the Koch family of Indiana intended to walk away from the deal.
The Koch family, who owns Holiday World, announced in February that they planned to open Bluegrass Boardwalk at the site of the former Kentucky Kingdom.
They backed out, saying it was too difficult to deal with the red tape that came along with a state lease.
Now, the Fair Board says it will ask the state and city to help find a new use for the property.
The Fair Board also voted Thursday to terminate their lease to operate the Kentucky Yum! Center on behalf of the Louisville Arena Authority.
The arena authority has hired the firm AEG to take over day-to-day operations of the Yum! Center beginning July 1st.