North Carolina theme park files for bankruptcy
Ghost Town in the Sky, the amusement park in Maggie Valley, North Carolina, US, has filed for bankruptcy.
The Old West-themed park, which is located on top of a mountain and can only be accessed by chairlift, said it was filing for Chapter 11 bankruptcy as a result of the current economic climate.
The park’s president and chief executive, Steve Shiver, said: “The economic uncertainty, coupled with the banking and credit crisis that has engulfed the nation, has made obtaining a lender very difficult.”
Ghost Town in the Sky reopened in May 2007 after a five-year closure and has struggled to pay off outstanding debts.
However, Ghost Town currently still plans to reopen on 15 May.
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