Mon, Nov 23 2009
| Breaking News: Spartansburg man killed in car crash November 22, 2009 12:21 pm |
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Conneaut Lake Park lays off workers, might not open By Jane Smith“The lending institution said Monday that the loan was subject to having a known buyer for the property,” Stearns said.
Stearns couldn’t give that assurance despite the fact he has at least seven developers who have expressed an interest in purchasing the property. Stearns said the court couldn’t give approval for an immediate sale, noting the property must be sold at a public sale and a public hearing must be held. If the park does shut down, Hotel Conneaut and Elizabeth’s Restaurant will close with it. The hotel has some food on hand, which will be put into a freezer pending further developments. The park fell under court oversight several years ago when its original board of trustees dwindled to a single member due to controversies and disagreements. Jane Smith can be reached at 724-6370 or by e-mail at jsmith@meadvilletribune.com 
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