MEADVILLE, Pennsylvania — The nonprofit board that runs a 122-year-old amusement park in northwestern Pennsylvania will file for Chapter 11 bankruptcy protection to prevent a sheriff's sale scheduled Friday.
Thursday's decision by the park's trustees comes a day after Crawford County Judge Anthony Vardaro rejected a motion by the state attorney general's motion aimed at stopping the sale to recoup more than $927,000 in taxes owed to the county and other entities.
The attorney general opposed the sale because the park is a tax-exempt charitable trust, among other issues.
Conneaut Lake Park's trustees still hope a financial reorganization will allow them to redevelop, revitalize and expand the facilities.
The park, about 95 miles north of Pittsburgh, opened in 1892 and is home to one of the nation's oldest roller coasters, the Blue Streak.
All content copyright ©2014 Daily Journal, a division of Home News Enterprises unless otherwise noted.