Wednesday, February 8, 2012

Koch Family Considers Re-Opening Kentucky Kingdom

{Louisville, Kentucky}...Four members of the Koch family, which owns Holiday World in Santa Claus, Indiana, have formed a company called Bluegrass Boardwalk in order to negotiate a lease agreement with the Kentucky State Fair Board and apply for economic incentives from the state as they take another step toward re-opening Kentucky Kingdom in 2013. Holiday World president Dan Koch, his sister Natalie Koch, their cousin Kathy Kamp and her husband Michael Kamp, who is a general manager at Holiday World, are the four members that make up the new company. Former developer Ed Hart, who made bold promises just a few months ago when he was pleading for funds from the city and state for nearly $20 million, said last fall that reopening Kentucky Kingdom would generate up to $11 million per year in new revenue. In their deal, the Koch family said they would need no public money.