The owners of Holiday World have taken another step toward re-opening an amusement park near Louisville known as Kentucky Kingdom that closed more than two years ago.
Four members of the Koch family, which owns Holiday World in Santa Claus in southwestern 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, according to WAVE-TV.
Koch family spokeswoman Paula Werne says no public funding would be requested if the project continues.
Fair Board President Harold Workman said the group's top priority is to reopen the park by 2013.
The Koch family said in January that they were interested in the future of the park.
Six Flags, which previously operated Kentucky Kingdom, tried to renegotiate its lease with the fair board before deciding to close in 2010, but said the fair board wouldn't do so. Six Flags said "the rent was way too high, making it extremely difficult for the park to achieve profitability year in and year out."
Holiday World and Kentucky Kingdom are about 80 miles apart.