The deal will be finalized tomorrow, at which time more details may be available. The group behind the redevelopment, Kentucky Kingdom LLLC, will spend $43.5 million to reopen the theme park - which has sat closed for four years.
The partners in the plan will invest $28.5 million ($18.5 in equity and $10 million from a newly acquired loan) and they have borrowed $15 million from the Bank of Kentucky. That's a lot of non-bank equity to be put up, so they must be quite serious about this reopening.
This most recent plan also calls for $36 million to be spent on the first year, with $7.5 million spent in years two and three. You can read more on the breaking story here, and I would expect more news tomorrow!