Ky. fair board, amusement park company reach deal - Cincinnati News, Weather, Sports from FOX19 NOW-WXIX

Ky. fair board, amusement park company reach deal

LOUISVILLE, Ky. (AP) - Six Flags and the Kentucky State Fair Board have reached a deal in which the amusement park company would surrender its stake in Kentucky Kingdom.

The Courier-Journal reports that the deal is subject to the approval of a bankruptcy court judge in Delaware. Fair board president Harold Workman says that could come in August.

Six Flags, which has filed for bankruptcy protection, announced in February it was closing Kentucky Kingdom and the park remained closed this summer.

The deal requires the fair board to forgive $2.8 million in lease-related payments owed by Six Flags and for the state to accept Six Flags release of its property rights in lieu of $2.5 million in back taxes.

A Louisville businessman, Ed Hart, has a deal in place to run the amusement park and hopes to have it open by summer 2011.

 

 

 

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

  • FOX19 HeadlinesMore>>

  • Civilians who shot restaurant gunman say they stopped threat

    Civilians who shot restaurant gunman say they stopped threat

    Saturday, May 26 2018 4:03 AM EDT2018-05-26 08:03:40 GMT
    Saturday, May 26 2018 3:45 PM EDT2018-05-26 19:45:47 GMT
    (Sarah Phipps/The Oklahoman via AP). Police officers stand at the scene of a shooting on the east side of Lake Hefner in Oklahoma City, Thursday, May 24, 2018. A man armed with a pistol walked into Louie’s On The Lake restaurant at the dinner hour and ...(Sarah Phipps/The Oklahoman via AP). Police officers stand at the scene of a shooting on the east side of Lake Hefner in Oklahoma City, Thursday, May 24, 2018. A man armed with a pistol walked into Louie’s On The Lake restaurant at the dinner hour and ...
    Authorities say a Facebook page in which a man claims his television is possessed by the devil belongs to the man suspected of shooting three people at an Oklahoma City restaurant before being killed by two armed...Full Story >
    Authorities say a Facebook page in which a man claims his television is possessed by the devil belongs to the man suspected of shooting three people at an Oklahoma City restaurant before being killed by two armed bystanders.Full Story >
  • Subtropical Storm Alberto heads to the US Gulf

    Subtropical Storm Alberto heads to the US Gulf

    Saturday, May 26 2018 5:23 AM EDT2018-05-26 09:23:12 GMT
    Saturday, May 26 2018 3:45 PM EDT2018-05-26 19:45:05 GMT
    A gradual strengthening is expected through the weekend as Alberto moves north. (Source: NOAA/CIRA/RAMMB/CNN)A gradual strengthening is expected through the weekend as Alberto moves north. (Source: NOAA/CIRA/RAMMB/CNN)

    A storm moving slowly through the Caribbean Sea is threatening to bring heavy rainfall, mudslides, and flash floods to parts of Mexico, Cuba, Florida and the eastern U.S. Gulf Coast this weekend.

    Full Story >

    A storm moving slowly through the Caribbean Sea is threatening to bring heavy rainfall, mudslides, and flash floods to parts of Mexico, Cuba, Florida and the eastern U.S. Gulf Coast this weekend.

    Full Story >
  • Amid anti-immigrant sentiment, some Spanish speakers wary

    Amid anti-immigrant sentiment, some Spanish speakers wary

    Saturday, May 26 2018 2:14 PM EDT2018-05-26 18:14:01 GMT
    Saturday, May 26 2018 3:44 PM EDT2018-05-26 19:44:59 GMT
    (AP Photo/Chris Carlson). Lilly Mucarsel, a native of Ecuador, poses for a picture in her office Friday, May 25, 2018, in Tustin, Calif. Mucarsel, 62, of Southern California finds herself reverting to English when she attends a baseball game or goes to...(AP Photo/Chris Carlson). Lilly Mucarsel, a native of Ecuador, poses for a picture in her office Friday, May 25, 2018, in Tustin, Calif. Mucarsel, 62, of Southern California finds herself reverting to English when she attends a baseball game or goes to...

    The Trump administration's harsh rhetoric and tougher policies toward immigrants have made some Spanish speakers self-conscious about speaking other languages in public.

    Full Story >

    The Trump administration's harsh rhetoric and tougher policies toward immigrants have made some Spanish speakers self-conscious about speaking other languages in public.

    Full Story >
Powered by Frankly