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Conneaut Lake Park (CLP) Discussion Thread


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Have you been to Conneaut Lake Park?

Looks like Conneaut Lake Park has filed for bankruptcy.        

That's about $1,599,998 more than I would pay for it.

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For those who don't know or need a recap:

 

1930s: Park is nearly closed for development but is saved by the Depression.

1994: Park is slated to be replaced by a FEC (and the Blue Streak demolished). All of the rides are AUCTIONED OFF, but a few specific people buy most of them and the land.

1995: Park doesn't open.

2006-7: Park doesn't open.

2008: Massive fire destroys ballroom and much maintenance infrastructure.

2013: Fire destroys Beach Club.

2014: A planned sheriff's sale is put off when the park files for bankruptcy. A recovery plan is developed.

2020: Park doesn't open, hopefully for good reason.

 

This is just another part of the story. They will get through this.

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I'm sure other small parks have gone through major challenges somewhat like Conneaut Lake, but being close to Conneaut Lake I don't know how they continue to survive, they're the little park that keeps chugging along. I hope they survive this just like they've survived all the challenges that have already faced them.

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1) Aren't you from Rhode Island?

 

2) Please no politics. It never ends well and this is a theme park forum.

Edited by coasterbill
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  • 7 months later...

Update:

Quote

We all are aware that 2020 was a tough year for many businesses, including Conneaut Lake Park. However, in a very positive turn of events, the Trustees received an offer from a qualified cash buyer to purchase all assets of Conneaut Lake Park. The current bidder’s intentions are to invest in the property and to expand on the year-over-year momentum the Park has gained. This is very exciting news!

Since the Park is in a bankruptcy reorganization plan, this offer must go through the bankruptcy court process. Filed just yesterday at the bankruptcy court was a motion to go through the procedures of a public auction for all assets of Conneaut Lake Park. This means that if there are any additional qualified buyers interested in placing a higher bid, they have a chance to come forward prior to the public hearing, but the offer must be on ALL assets of the Park. We are thrilled about this new opportunity that allows the Park to continue to progress and serve the community!

- Conneaut Lake Park Facebook Page

 

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The tough thing is if someone comes in with a higher bid with the intentions of building condos or something else, that is what would happen. I don't feel super confident in the end game for this, but let's wait and see.

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I don't feel super confident either. I'm really worried that someone won't come in with a higher bid with the intention of building condos...

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5 hours ago, Nrthwnd said:

1.6 million for a park? Isn't that kind of.... cheap for a park? Any park? 😕

Have you been to Conneaut Lake Park?

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Condos? The park's in the boondocks of PA. The rides are not on the lake like a boardwalk park, but the property does have some lakefront space.image.png.e3aa8ba66347d125680513011a667031.png

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Hopefully it reopens as a park.  CL has gone thru a lot!  Never ending.  I love that place because it is so unique. Last time I was there was 2017 and we had a blast there.  Blue Streak is so much fun and the way it looks makes you think it might collapse!

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Condos? The park's in the boondocks of PA. The rides are not on the lake like a boardwalk park, but the property does have some lakefront space.image.png.e3aa8ba66347d125680513011a667031.png

Yeah, if someone thinks they can sell condos there then I have some ocean front property I can sell you in California City. I will admit that I thought the lake by the park was nice and better then I expected and I liked Blue Streak’s placement in the woods but the rest of the park looked worse than a third rate county fair.


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