New Owner Approved For Kentucky Kingdom - NewsChannel5.com | Nashville News, Weather & Sports

New Owner Approved For Kentucky Kingdom

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(AP) LOUISVILLE, Ky. - Although it is unclear when Kentucky Kingdom will reopen, the Kentucky State Fair Board has chosen a new operator for the state's largest theme park. 

The Courier-Journal of Louisville reported Thursday the board voted unanimously for a proposal from Ed Hart and his KK Redevelopment Co., which rescued Kentucky Kingdom from bankruptcy more than a decade ago. 

Fair board chairman Harold Workman said rehabilitation of the 58-acre park in southwestern Louisville could cost up to $20 million. He said the fair board plans to borrow the money through a bond issue, with Hart contributing up $3 million. 

Six Flags, which has filed for bankruptcy protection, announced in February it was closing Kentucky Kingdom. The fair board and Six Flags must negotiate ownership of rides and attractions. 

(Copyright 2010 by The Associated Press. All Rights Reserved.)

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