Share “Amusement park trustees hire bankruptcy...”

Amusement park trustees hire bankruptcy attorney

Published on NewsOK Modified: September 3, 2014 at 7:49 am •  Published: September 3, 2014
Advertisement

MEADVILLE, Pa. (AP) — The trustees of a 122-year-old amusement park in northwestern Pennsylvania have hired an attorney to filed Chapter 11 bankruptcy in hopes of preventing a sheriff's sale of the park to satisfy more than $910,000 in overdue county, school and municipal property taxes.

Officials for Crawford County and the local taxing bodies have threatened Conneaut (kaw-nee-AWT') Lake Park with a sheriff's sale, though they've yet to formally pursue that option.

Mark Turner, the executive director of the Economic Progress Alliance of Crawford County, says the group still hopes to redevelop, revitalize and expand the park.

The bankruptcy filing is needed to freeze the park's assets and prevent the sheriff's sale while the park maps out a plan to repay creditors all or part of the $2.5 million owed to creditors in addition to the delinquent taxes.



AROUND THE WEB

  1. 1
    Serge Ibaka makes SI.com's Top 25 NBA players
  2. 2
    7 perfect fall foliage drives for taking in the scenery
  3. 3
    EW: Texas football shines bright in exclusive 'My All American' trailer
  4. 4
    Lawton native Rico Noel called up by Yankees as brother awaits new heart
  5. 5
    Oklahoma high school teacher, husband arrested for child abuse
+ show more

FEATURED JOBS



× Trending life Article