Amusement parks

Holiday World plans $22 million winged roller coaster

July 25, 2014
Associated Press
The Holiday World amusement park in southern Indiana is building a new $22 million roller coaster that it says will launch riders to 60 miles an hour in 3.5 seconds, with a 14-story loop and four inversions.
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Changes in store as Indiana Beach plans 88th season

April 22, 2014
Associated Press
The Indiana amusement park is retiring its 42-year-old roller coaster, but is adding seven new attractions.
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Longtime Indiana Beach owner dies at 100

November 13, 2013
Associated Press
Thomas Spackman, the son of the park's founder, added numerous rides at the tourist attraction, which became known for its commercial jingle, "There's more than corn in Indiana."
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Court sides with widow in lawsuit over Holiday World shares

October 3, 2013
Associated Press
The state appeals court says the widow of a southern Indiana theme park president isn't required to sell shares in the facility to her late husband's brother.
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Holiday World family takes dispute to Indiana appeals court

August 7, 2013
Marilyn Odendahl, Indiana Lawyer Staff
An agreement meant to keep a popular amusement park in the family has sparked a bitter dispute that has reached the Indiana Court of Appeals.
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Holiday World plans to display fun, not family problems

April 12, 2013
Associated Press
A family legal battle and untimely deaths have drawn attention to Holiday World's owners in recent years. But it's business as usual for those who run the Indiana theme park.
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Kentucky fair board, group reach amusement park deal

January 24, 2013
Associated Press
A group of private investors and the Kentucky State Fair board on Thursday reached a 50-year lease agreement for the shuttered Kentucky Kingdom amusement park with the new operators saying the facility should reopen in 2014.
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Widow of Holiday World's president gains park control

January 11, 2013
Associated Press
A judge has placed control of a southern Indiana theme park in the hands of the widow of the park's late president.
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Former Kentucky amusement park in bad shape

May 30, 2012
Associated Press
The new partners who are working toward reopening the former Kentucky Kingdom amusement park say the facility is in bad condition and may not reopen until 2014.
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Interest expressed in reopening amusement park

January 17, 2012
 IBJ Staff and Associated Press
The owners of an Indiana amusement park are expressing interest in operating Kentucky Kingdom, which closed more than two years ago.
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Matriarch's work ethic inspires Holiday World staffRestricted Content

July 9, 2011
Ann Finch
Pat Koch, whose official title at her family-owned Holiday World theme park is director of values, sets a high bar for hard work and dedication.
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Brother of late CEO takes helm at Holiday World

June 22, 2010
 IBJ Staff
Dan Koch has been named president and CEO of Holiday World & Splashin' Safari amusement park in southern Indiana, taking over after the unexpected death of his brother Will earlier this month.
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Holiday World president Will Koch dies at 48

June 14, 2010
Associated Press
Koch, 48, led the amusement park for 20 years, during which time it added a water park and several world-class roller coasters.
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  1. Cramer agrees...says don't buy it and sell it if you own it! Their "pay to play" cost is this issue. As long as they charge customers, they never will attain the critical mass needed to be a successful on company...Jim Cramer quote.

  2. My responses to some of the comments would include the following: 1. Our offer which included the forgiveness of debt (this is an immediate forgiveness and is not "spread over many years")represents debt that due to a reduction of interest rates in the economy arguably represents consideration together with the cash component of our offer that exceeds the $2.1 million apparently offered by another party. 2. The previous $2.1 million cash offer that was turned down by the CRC would have netted the CRC substantially less than $2.1 million. As a result even in hindsight the CRC was wise in turning down that offer. 3. With regard to "concerned Carmelite's" discussion of the previous financing Pedcor gave up $16.5 million in City debt in addition to the conveyance of the garage (appraised at $13 million)in exchange for the $22.5 million cash and debt obligations. The local media never discussed the $16.5 million in debt that we gave up which would show that we gave $29.5 million in value for the $23.5 million. 4.Pedcor would have been much happier if Brian was still operating his Deli and only made this offer as we believe that we can redevelop the building into something that will be better for the City and City Center where both Pedcor the citizens of Carmel have a large investment. Bruce Cordingley, President, Pedcor

  3. I've been looking for news on Corner Bakery, too, but there doesn't seem to be any info out there. I prefer them over Panera and Paradise so can't wait to see where they'll be!

  4. WGN actually is two channels: 1. WGN Chicago, seen only in Chicago (and parts of Canada) - this station is one of the flagship CW affiliates. 2. WGN America - a nationwide cable channel that doesn't carry any CW programming, and doesn't have local affiliates. (In addition, as WGN is owned by Tribune, just like WTTV, WTTK, and WXIN, I can't imagine they would do anything to help WISH.) In Indianapolis, CW programming is already seen on WTTV 4 and WTTK 29, and when CBS takes over those stations' main channels, the CW will move to a sub channel, such as 4.2 or 4.3 and 29.2 or 29.3. TBS is only a cable channel these days and does not affiliate with local stations. WISH could move the MyNetwork affiliation from WNDY 23 to WISH 8, but I am beginning to think they may prefer to put together their own lineup of syndicated programming instead. While much of it would be "reruns" from broadcast or cable, that's pretty much what the MyNetwork does these days anyway. So since WISH has the choice, they may want to customize their lineup by choosing programs that they feel will garner better ratings in this market.

  5. The Pedcor debt is from the CRC paying ~$23M for the Pedcor's parking garage at City Center that is apprased at $13M. Why did we pay over the top money for a private businesses parking? What did we get out of it? Pedcor got free parking for their apartment and business tenants. Pedcor now gets another building for free that taxpayers have ~$3M tied up in. This is NOT a win win for taxpayers. It is just a win for Pedcor who contributes heavily to the Friends of Jim Brainard. The campaign reports are on the Hamilton County website. http://www2.hamiltoncounty.in.gov/publicdocs/Campaign%20Finance%20Images/defaultfiles.asp?ARG1=Campaign Finance Images&ARG2=/Brainard, Jim

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