Friday, June 15, 2012

The Axe Falls on Bluegrass Boardwalk

The developers behind the reopening of Kentucky Kingdom as Bluegrass Boardwalk have withdrawn from the project.

“We entered into this discussion last October with full expectation of leasing the park,” says Bluegrass Boardwalk CEO Natalie Koch. “However, we have come to the realization that leasing a park rather than owning it would take us too far from the business model my family has followed for more than 60 years.”

Believing that the park is still a good project on certain levels, the developers wished a future operator well.  However, along with the lease structure, the "many layers of governmental regulations and stipulations ultimately caused them to withdraw."

Disappointing news for those who looked forward to Kentucky Kingdom being reopened.