Agreement Struck

Ky. Fair Board, Group Reach Amusement Park Deal

Jan 24, 2013

LOUISVILLE, Ky. -- A group of private investors and the Kentucky State Fair board on Thursday reached a 50-year lease agreement for the shuttered Kentucky Kingdom amusement park with the new operators saying the facility should reopen in 2014.

The investment group, led by former park owner Ed Hart, pledged $20 million and cash and a promise to secure another $25 million in a loan to restart the state's largest amusement park.

"Barring an act of God, we're ready to go," Hart said.