There were two articles in the Hartford Courant this weekend on Lake
Compounce. The first one stated that "The operators of Lake Compounce
amu***t park reached an agreement Thursday night to hand over control
of the financially troubled park to a Pittsburgh-based company
[Kennywood Entertainment Co.]."
The second talked about Kennywood Entertainment Co. handing over
$857,746.71 in back taxes to the town of Bristol and $610,000 in
back taxes to the town of Southington (the park stratles the town line).
Kennywood also finalized the purchase of the mortgage for the park
Althought property taxes are now current, a new tax bill on a new
taxable property list will be due July 1; the bill is expected to be
more than $100,000 for Bristol and more than $50,000 for Southington.
So, it looks good for Lake Compounce with Carl O. Hughes, chairman of
Kennywood's bouard of directors saying: "We have successfully operated
a traditional park and Lake Compounce, of course, is the oldest park
in the country. Idlewild is the third oldest, so we'll have two of the
======= Mike Palmer phone: 203 949-6454 =======
======= 3M Health Information Systems fax: 203 949-6331 =======