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Bankrupt Pa. amusement park sold for $1.2 million
Updated Mar 02, 2021;
Posted Mar 02, 2021
The Conneaut Lake Park sign is shown in this 2018 file photo. A bankruptcy court judge in Pittsburgh approved the sale of the park Tuesday morning to Keldon Holdings LLC, of the Philadelphia area.
(JACK HANRAHAN, Erie Times-News, file)TNS
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By Jim Martin, Erie Times-News (TNS)
CONNEAUT LAKE – All the pieces and parts of 129-year-old Conneaut Lake Park – the Hotel Conneaut, the Blue Streak roller coaster and nearly 200 acres of property, some of it beachfront – will soon be in the hands of a new owner.
Pittsburgh-based U.S. Bankruptcy Court Judge Jeffery A. Deller approved the sale Tuesday morning of the publicly owned park, which has been working through Chapter 11 bankruptcy, to Keldon Holdings LLC for $1.2 million. Keldon is a holding company based in the Philadelphia area.
Paula Reed Ward
Kristina Serafini / Tribune-Review
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The Crack’d Egg, a Brentwood restaurant that is embroiled in a legal dispute with Allegheny County, is seeking to withdraw its separate Chapter 11 bankruptcy case.
A hearing on the bankruptcy matter is scheduled for Feb. 23.
In the Monday filing, the restaurant’s attorneys wrote that the Chapter 11 bankruptcy “was filed primarily due to a dispute between the debtor and the Allegheny County Health Department regarding debtor’s compliance with ACHD cover guidelines.”
In August, the health department ordered the Brownsville Road restaurant to close because it refused to follow the governor’s state mandated covid-19 mitigation measures requiring masks and social distancing.