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The group behind plans to reopen the shuttered Kentucky Kingdom theme park as Bluegrass Boardwalk in May 2013 claims that it has secured the financing required for the project.

Business First reports that the park is on-track to meet its reopening date, although its backers are still seeking a range of economic incentives from state and local authorities. The company behind Bluegrass Boardwalk is owned by the Koch family, who also run Holiday World in Indiana.

Few further details are given of the status of the Bluegrass Boardwalk project, although it is known that many popular innovations from Holiday World will also be brought in at the revived park. This includes free soft drinks for all guests, free sunscreen and free use of inner tubes in the park's water park.

New attractions are also expected to form part of the plans, with the group having stated its intention to eventually expand Bluegrass Boardwalk beyond its current 57-acre site. Expansion efforts are expected to focus on the water park, with Holiday World's Splashin' Safari having proven to be a major success during the past few years.

Former operator Six Flags announced the closure of Kentucky Kingdom in January 2010, following a failure to agree changes to the park's lease. The Fair Board claims that Six Flags proposed that it pay no rent for the nine remaining years on the lease - instead offering the state a cut of any potential future profits.

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