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Source: Deal in works to reopen Ghost Town in the Sky theme park in 2012Submitted by Nick Sim on Monday, May 16, 2011 07:40
A source close to the former owners of the Ghost Town in the Sky theme park has urged fans to "keep the faith" that the park will reopen in time for the 2012 season.
The source, who asked not be named, claims that a package to sell the park to new owners is awaiting approval from a government agency. A bankruptcy court recently dismissed the park's Chapter 11 bankruptcy proceedings, having decided that the owners had "no chance" of reorganising. This raised the prospect that Ghost Town in the Sky's 288-acre property could be auctioned off to help pay off its debts.
While conceding that the old company could not have emerged from the bankruptcy process, the source blames this squarely on a mudslide in February 2010 that caused significant damage to an access road. This ended the company's plans, which were predicated on Ghost Town in the Sky reopening in May 2010. However, it is claimed that the park could reopen as early as 2012 if the latest sale package can be agreed.
A deal to rescue Ghost Town in the Sky was mooted by part-owner Al Harper in December 2010, after he agreed to sell 49% of his scenic railway company to Remodel Auction, creating a combined group known as American Heritage Family Parks. The new company announced its intent to rescue the theme park, but no announcements have been made since.
Harper was one of three owners who bought Ghost Town in the Sky in 2006, some 4 years after a previous bankruptcy forced its closure. However, the park plunged back into bankruptcy in November 2009, just two years after reopening.