Louisville, Ky. (WHAS11) -- While the amusement park season may be winding down the financial plans are being made to re-open Kentucky Kingdom.
The developer hopes to pump 50 million dollars in renovations into the park.
Since February, the rides at Kentucky Kingdom have remained dormant and gathering dust. But a new plan is in the works to not only bring the park back to life. But to reinvent what was once a regional attraction.
After five months of studying, Ed Hart the developer of the park, and his team have come up with a plan to give Kentucky Kingdom a makeover. The price tag? $50 million. It breaks down to $20 million to refurbish and $30 million in new attractions; Including fixing up the older rides, consolidating the park outside of Ring Road, and getting a new front entrance off Phillips Lane. A big focus would be placed on the water park.
"The new attractions would include doubling the size of the water park; a major undertaking creating 16 additional slides. Really going after the water park which has been neglected for some time,” Developer Ed Hart says.
Tough financial times call for creative measures and that's why there are plans to add value to visit.
"And one of the ways to create value is to create free parking. Besides free parking to have value pricing for food," Hart says.
The expectation is that it would generate over $3 billion worth of economic impact over the next 20 years and 2,200 jobs. Hart calls it a win win.
"This is much like recruiting good players for a basketball team,” Hart says. “The rides are our basketball players we need the good players we need the good rides."