While things are still very preliminary, the group plans to "negotiate a lease agreement with the Kentucky State Fair Board, secure financing, and apply for economic development incentives from the Commonwealth of Kentucky." The group has pointed out that no public monies will be requested for use in possibly reopening the park.
The group is composed of Holiday World President Dan Koch, his sister Natalie Koch, their cousin Kathy Kamp, and her husband Michael Kamp who is General Manager at Holiday World.
That's it for now, but future news will be released via the organization's website and Facebook.
However, the Facebook account does use the image on the left, which by adding the Louisville, KY underneath certainly does seem like it'd be the park's name.
Obviously this is all very breaking news, perhaps some details will shake out soon.