The Future of the park now looks a lot brighter with this article:
Sutterlin, officials reach sales agreement
By Jane Smith
03/16/07 —
"CONNEAUT LAKE — An agreement has been reached to sell 3.3 acres of land at Conneaut Lake Park to Greg Sutterlin of Conneaut Lake for $1.7 million.
However, it’s is contingent upon several factors:
n Summit Township supervisors must amend a zoning ordinance to allow 10 units of condominiums be erected on the site, which includes the former Flynn House property and adjacent property.
n Court approval and that no appeals are filed.
n CLP officials must undertake all necessary steps to open the park for the 2007 season. If Sutterlin determines that isn’t happening, he can declare the agreement null and void.
n The gate-guard booth on Reed Avenue at the entrance to the park must be removed.
The agreement allows Sutterlin to construct three or more separate condominium buildings within the complex. Two will be located parallel to Conneaut Lake and the third will be positioned on the west side of Lake Street.
It prohibits the park from selling any other lakefront or lakeview land within the park for five years following completion of the sale.
It also prohibits the park from creating or constructing its own residential development on its lakefront or lakeview property.
However, that doesn’t apply to or affect any use or potential use, renovations, remodeling or occupancy of Hotel Conneaut to perpetuate its use as a hotel and restaurant, but not as a condominium or other residential development.
The agreement also includes the sale of the docks around the property as of Oct. 31, 2007. All dock fees and rental income for this year should be split between the park and Sutterlin with any adjustments after the closing.
The contract calls for a non-refundable downpayment of $5,000 and the remainder to be paid in cash upon completion of the sale.
The next step now is to petition Crawford County Court of Common Pleas for a hearing to approve the sale.
LeRoy Stearns, court-appointed overseer, has said he will use a portion of the sale proceeds to open the park this season.
He plans to use a majority of the money to pay off the estimated $2.3 million or more debt, including all real estate taxes on all properties owned by the park as well as bank loans."
Now It's just seeing if the park grts the rides up on time, and FINALLY, updating their website.