Federal Judge Decides Next Step For Wild West World
An evidentiary hearing was held Tuesday for a judge to hear testimony regarding the future of Wild West World.
For nearly a year, uninsured creditors and Park City tax payers have been paying the tab for Wild West World. the theme park failed and filed bankruptcy last July.
Federal Court Judge Robert Nugent decided to hold a bid off and settle on a buyer as soon as possible.
Two companies currently have offers on the table. Amusement Holdings, a Tulsa-based amusement park developer with Kansas connections, is offering $2 million for the park. AHG, a retail, casino and office developer out of Florida is offering a bid of $2.15 million.
Doug Spangler, the Develpment Officer from AHG, said that AHG isn’t sure what they would build on the land.
Amusement Holdings, however, is committed to operating the land as a theme park if they are the highest bidder.
Bidding begins at 9:00 a.m. Wednesday at the Federal Court House.
Council for Amusement Holdings is upset by the opening bid of $2.15 million and said they are keeping their options open where tomorrow is concerned.
Final closing on the property has to be on or before June 30th.
