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A new report claims that the shuttered Kentucky Kingdom theme park may not reopen in its new guise as Bluegrass Boardwalk until 2014, due to delays in finalising a lease.

The Louisville Courier-Journal reports that the length of time taken to secure tax credits to help finance refurbishment of the park could also be a factor in the potential postponement of the planned May 2013 reopening date. This would be a blow to the Koch family, who run the existing Holiday World theme park and are seeking to revive the former Kentucky Kingdom park.

The report also cites the family's application to state authorities for tax credits as stating that none of the park's roller coasters will reopen in 2013. The high cost of restoring them to operations is given as the reason for this, and even a successful 2013 season would see the majority of the coasters remaining closed in 2014.

If the reopening of Bluegrass Boardwalk is delayed, the Kentucky State Fair Board and other local authorities are likely to face further criticism for the length of time it has taken to return it to action. The board, which owns the land that houses the park, has been in negotiations with various parties over lease terms since it closed more than two years ago.

Kentucky Kingdom closed in January 2010, following a failure by former operator Six Flags to agree changes to the park's lease. The Fair Board claimed at the time that the company proposed that it pay no rent for the remaining nine years on the lease - instead offering a cut of any potential future profits.

Further details of the Koch family's plans for Bluegrass Boardwalk, including which rides are likely to reopen in 2013, can be found in the Louisville Courier-Journal's report.

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