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Theme Park Supplier's News of the Week #12 Bolliger Mabillard, MAURER Rides, ETF Ride Systems, Lo-...
Theme Park Supplier's News of the Week #12
World Waterpark Association Success for WWA's 33th Symposium and Trade Show
World Waterpark Association
Hong Kong Disneyland to introdoce Iron Man Experience First major Marvel attraction planned in 2016
Hong Kong Disneyland to introdoce Iron Man Experience
Theme Park Supplier's News of the Week #11 Zamperla, Simworx, Electrosonic, Vortex
Theme Park Supplier's News of the Week #11
Theme Park Industry News Roundup #6 Liseber, Universal Parks and Resorts, IAAPA, Herschend ...
Theme Park Industry News Roundup #6
Premier Rides wins €8 million contract with Plopsa Gr... New launch coaster to open at Holiday Park in 2014
Premier Rides wins €8 million contract with Plopsa Gr...
Theme Park Industry News Roundup #5 Tokyo Disney Resort, Merlin, European Star Awards
Theme Park Industry News Roundup #5
Record anniversary edition for Euro Attractions Show More than 8,500 attendees on a record exhibit floor
Record anniversary edition for Euro Attractions Show
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EVENTPublished on November 10, 2013 IAAPA Attractions Expo 2013 debuts next week in Orlando
CORPORATEPublished on November 10, 2013 Difficult season for Compagnie des Alpes' amusement parks
NEWPublished on October 21, 2013 Theme Park Supplier's News of the Week #12
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Koch Family withdraws from Bluegrass Boardwalk

project in Louisville, KY

Update : 18:12 Published by François Mayné the 25 June 2012, Project.
Just a few days after the announcement of a delayed opening to 2014, the Koch family has created a stir by stating that she was withdrawing permanently from the Bluegrass Boardwalk project that sought to take over the management of the former Six Flags Kentucky Kingdom in Louisville, KY.

The Koch, already owners of Holiday World & Splashin' Safari, IN, started to work on this project in October last year and obtained a few months ago a lease agreement from the Kentucky State Fair, owners of the land on which the amusement park is. Since then, administrative procedures added to a first study of the facilities and rides closed since 2008 had forced them to delay the opening initially scheduled for 2013.

Koch Family withdraws from Bluegrass BoardwalkWe entered into this discussion last October with full expectation of leasing the park,” said Bluegrass Boardwalk CEO Natalie Koch. “However, we have come to the realization that leasing a park rather than owning it would take us too far from the business model my family has followed for more than 60 years. We and our partners were financially prepared to meet the challenge of reopening the abandoned park, however the many layers of governmental regulations and stipulations ultimately caused them to withdraw .”

Just before this announcement, the Koch had received a positive answer from the state authorities for tax breaks of up $3.9 million (about €3.1 million) over 10 year, paving the way for the signing of the lease and the beginning of the renovation work. “It’s been a lifelong dream for my family to operate a second park,” added natalie Koch. “It’s hard to walk away from what we believed was a winning partnership for Kentucky and our team. But at the end of the day, the terms of the project did not fit our business model. It was time to withdraw.

It is not the first time that a buyer gives up to managing Kentucky Kingdom. The first owner of the park, Ed Hart, has indeed tried unsuccessfully to obtain the management lead after Six Flags left the property despite 18 months of negociations with the Kentucky State Fair. Despite this disapointing news, the autorities and especially Louisville's Major still hope to find a new tenant for the park. Discussions are apparently already under way with new potential operators... But it is hard to say if these will succeed or not...
Written by François Mayné François Mayné Publishing Director » Contact Us
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Kentucky Kingdom (Amusement park)
United States Site : www.kentuckykingdom.com
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Walibi Holland
(7 articles found)

Difficult season for Compagnie des Alpes' amusement parks read more

The Compagnie des Alpes leisure parks recorded disappointing financial results during fiscal year 2012/2013 which ended on September 30. The...

CORPORATE | Walibi Holland - Published on November 10, 2013
Theme Park Supplier's News of the Week #12 read more

Our Theme Park Supplier's News of the Week is a round-up of the latest news relative to companies supplying the theme park industry around the world.  This weekly report covers topics such as corporate announcements, financial ...

NEW | Walibi Holland - Published on October 21, 2013
Compagnie de Alpes' leisure park sales continue to decline in the third quarter read more

Adverse weather conditions at the beginning of the season and the ever difficult economic conditions in Europe have negatively impacted the activities...

CORPORATE | Walibi Holland - Published on September 9, 2013
Compagnie des Alpes' leisure park activity is down in first half of FY 2012-2013 read more

The French operator Compagnie des Alpes (CDA), which owns a dozen leisure parks and attractions in Europe and North America - including Parc...

CORPORATE | Walibi Holland - Published on June 18, 2013
Compagnie des Alpes shows its new strategic ambitions for the leisure park market read more

Compagnie des Alpes (CDA), which operates in Europe a dozen leisure parks and attractions including Parc Asterix, Futuroscope, the Grévin Wax ...

CORPORATE | Walibi Holland - Published on January 21, 2013
Walibi Holland introduces Club Psyke: 5D Experience read more

The Dutch amusement park Walibi Holland, located in Biddinghuizen in the province of Flevoland, continues this season to integrate the new musical...

NEW | Walibi Holland - Published on July 4, 2012
EAS 2011 - Interview with Marjolein Van de Stolpe, Director Development & Design at JoraVision read more

During our coverage of the Euro Attractions Show that was held in London at the end of September, we made a short stop by the booth of JoraVision,...

CORPORATE | Walibi Holland - Published on November 7, 2011
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