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CONNEAUT LAKE — A federal bankruptcy court judge has approved the sale of a century-old amusement park in northwestern Pennsylvania. Pittsburgh-based U.S. Bankruptcy Court Judge Jeffrey Deller on Tuesday morning approved the sale of Conneaut Lake Park to Keldon Holdings LLC for a cash price of $1.2 million. An auction
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.