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Updated: 6:57 PM Oct 18, 2007
Wild West World No More - Court OK's Ride Sales
Three of the rides are being sold for about $750,000.
Posted: 5:50 PM Oct 18, 2007Email Address: deb.farris@kake.com |
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A federal judge approves the sale of three of the biggest rides at the now bankrupt Wild West World.
The amusement park went under in July, just two months after it opened. Bankruptcy attorneys had hoped to sell the park as a whole, but couldn't.
Now it's being sold off piece by piece. Three of the rides are being sold for about $750,000.
According to court documents, the Sidewinder offer is $435,000. The Fiesta Mexicana offer is $300,000. The company that originally sold the rides to Wild West World, ride broker Moser, has filed bankruptcy claims totaling more than $534,000.
The Himalaya offer is for $250,000. Fitraco, a Belgian ride broker, holds the original $1.4 million mortgage.
There are 24 rides to be sold from Wild West World. The money will go to secured creditors first, then unsecured creditors. Attorneys hope to have all the rides gone by mid-December.
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