Monday, June 13, 2011

Some Park City investors are suing the buyer of the bankrupt Wild West World theme park over a failed real estate deal.

Park City Investment Group claims that one of buyer Alan Ginsburg's companies defaulted on a contract to buy 10 lots next to the theme park.

The lawsuit claims that the company, Art Gordon LLC of Maitland, Fla., has not paid earnest money or extension fees.

AHG Group bid $2.15 million for the theme park in Wichita in June 2008. The group planned to reopen the park but negotiations for an operator fell through.

The park closed only two months after it opened in May 2007. Developer Thomas Etheredge was sentenced to five years in jail in
2010 for defrauding investors in the park.