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Tue August 21, 2012
Hart Formally Submits Bid to Re-Open Kentucky Kingdom
Louisville businessman Ed Hart has—again—formally entered a bid to re-open the Kentucky Kingdom theme park.
Hart and a group of investors have responded to the Kentucky Fair Board's request for proposals to re-open the park. The letter was delivered to Fair Board president Harold Workman today, and outlines a $40 million plan. Ten million of that would come from the group, and the rest would be borrowed but guaranteed by the state.
The investment group calls itself the Kentucky Kingdom Redevelopment Company, and is made up of former Kentucky Kingdom CEO Ed Hart, and local businesspeople Mary Moseley, Ed Glasscock and Bruce Lunsford.
The park has been closed since 2009, when previous owner Six Flags went bankrupt. Hart previously led an attempt to re-open the park, but it ultimately fell apart. Another group led by the Koch family, which also owns Holiday World, pulled out of talks to re-open the park earlier this year.