Sun, Nov 22 2009
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Trustees: ‘Debt sale’ could kill park By Keith GushardHarry McGrath of Summit Township said supervisors don’t feel they’re taking control of the park away from the trustees.
“We don’t know what’s going to transpire,” McGrath said. “We don’t want to close Conneaut Lake Park. We want to keep it open, but we need the money. We’re just after the revenue we need.” “Everybody’s feeling the financial crunch,” said Joel Stone, chairman of the supervisors. “Our budget is tight. We didn’t want to raise taxes. We don’t feel it’s right to keep going to the taxpayers asking for money.” Summit gave preliminary approval this week to its $443,300 general fund budget and kept the township’s tax rate at 5 mills. The amusement tax debt is almost equal to 5 mills of real estate tax in the township. One mill of township real estate tax generates about $32,000. Moyers said Conneaut Lake Park is taking steps to pare down its approximately $2.4 million in total debt. Trustees are working on getting lease agreements for various aspects of the park — including Hotel Conneaut, Beach Club, rides and concessions — to help trim the debt. Private groups have been operating the hotel and Beach Club since mid-summer, but the rides and concessions have been closed for two years. “The trustees have no choice at this point but to press on and hope for the best,” Moyers said. 
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