WALB.com News, Weather and Sports for Albany, Valdosta and Thomasville. Leading the way for South Georgia. | Florida group bids for Adventure Parks Group
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September 24, 2007
Valdosta - A Florida based investment group is the first of several suitors hoping to take over Adventure Parks Group.
Land Holdings South of Mulberry, Florida filed a base bid of 16 point 8-million dollar to take over Wild Adventures and Cypress Gardens in a bankruptcy court auction.
The auction is scheduled to begin tomorrow and a judge should choose a winner Thursday.
Owner Kent Buescher filed for Chapter 11 protection last September, citing damages to Cypress Gardens from three hurricanes in 2004, and a $25 million insurance claim that had not been paid.
He says that while ownership will change hands, there is no chance either park will close.
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