Tagged: Kentucky Kingdom

The group working to re-open the Kentucky Kingdom amusement park has gotten $10-million in sales tax credits from the Kentucky Tourism Development Finance Authority.

The Kentucky Kingdom Redevelopment Company will release details of their plans for the park, including information on refurbished and new rides.

Leaders of a  group that’s expected to reopen the Kentucky Kingdom amusement park say their team is on the ground and money has been spent.

The state fair board approved a lease agreement last month with the Kentucky Kingdom Redevelopment Company led by local businessman Ed Hart, who once operated the park before Six Flags took over.

The Kentucky Tourism Development Finance Authority will study to see if an application from the group seeking to redevelop Kentucky Kingdom meets the criteria for incentives that could be worth as much as $10 million over 10 years.

The study is expected to be done in six to eight weeks. Last week, the Kentucky State Fair Board approved a lease agreement with a group led by Louisville businessman Ed Hart. 

Here's more from the authority: 

Ed Hart is back in the game.

Kentucky Kingdom moved closer to opening for the first time since 2009 on Thursday when the Kentucky State Fair Board approved a lease agreement a development group Hart leads. Hart's group now has 90 days from the signing of the lease to get financing in order.

If all goes well, officials are targeting 2014 for Kentucky Kingdom to re-open.