Six Flags Inc. announced last month that it has rejected its lease with the Kentucky State Fair Board and will close the Kentucky Kingdom park in Louisville.
In a statement announcing the closing, Six Flags said it had proposed a new lease arrangement with the fair board, but the fair board did not accept the proposal.
“The substantial lease payment has been a significant hurdle for this park in recent years,” said Six Flags President and CEO Mark Shapiro. “Our other parks, which reside largely on company-owned land, will be completely unaffected and will open as scheduled for the full 2010 season.”
Kentucky Kingdom’s 50 full-time employees will be offered the chance to relocate to one of Six Flags’ other 13 markets and some of the park’s 40-plus rides and attractions will be sent to other parks. However, the closing will mean the loss of approximately 1,000 part-time summer jobs, which were primarily filled by teens.
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