(Arnolds Park)– The Arnolds Park Amusement Park’s long-term debt will be no more after the first of the year.
At their regular monthly meeting today (Wed.), the board of directors of Historic Arnolds Park, Incorporated voted unanimously to accept a 130-thousand dollar offer on a building that was donated to the organization and had been for sale. The closing date on the sale is January 2nd, 2007.
HAPI board members say proceeds from the sale of the building will be more than enough to erase what’s left of the park’s long-term debt, which had been substantially lowered over the past year thanks to a massive fundraising effort.
On another note, Budget and Finance Committee Chair Boober Schneider reported the park’s goal for the upcoming year is to improve on gross revenue. Schneider says they’ve cut expenses to the bare bone and says they can’t keep doing that.
It was also reported that new humidification and security equipment have been purchased for the Maritime Museum; and that a marketing plan is being finalized for the park’s upcoming season.
