Potential Kentucky Kingdom buyers get tour

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by Johnny Archer

WHAS11.com

Posted on September 18, 2012 at 2:00 PM

Updated Tuesday, Sep 18 at 5:21 PM

(WHAS11) -- Kentucky Kingdom is a dear place to Rob House. He is a former employee of the park since 1995 until it closed in 2009.

“The park is in danger of being demolished,” said House. “We want to let the public know this place might not be here in a few months.”

But there’s hope for House. The Kentucky State Fair Board invited interested buyers of the park to tour it Tuesday to give them an idea if buying the park would be worth their investment. Ed Hart and his development team came to examine the park.

“This is really important asset for Louisville,” said Hart, who once owed Kentucky Kingdom. “This is a really important asset to the hospitality industry in Louisville.”

Hart says his team will invest $40 million to open the entire park and is confident that the business will sustain.

“Remember this is a business,” said Hart. “We have to make money when bringing the park back. We only make money after we pay rent, parking, and the state gets sales taxes. We’re the last in the series to make money. We believe the park will be successful, there’s no question about it.”

Ed Hart’s team and one other person were the only people touring the park on Tuesday. The State Fair Board will not comment on how many people submitted proposals for the purchase of Kentucky Kingdom until after the proposal deadline, which is October 19th. After that date, the top three bidders will be picked to begin the negotiation process.
 

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