MAGGIE VALLEY, NC — The bankrupt Ghost Town in the Sky amusement park owes more than $2.4 million to area business, including $16,000 for cleaning and janitorial supplies to Champion Supply, according to The Smoky Mountain News.
According to the story, businesses are now contemplating ballots that will decide whether the Western-themed amusement park — which hasn''t turned a profit in two years — will remain open in an attempt to get back on track or be sold to the highest bidder with proceeds going to pay off debts.
Many businesses, including Champion Supply, fear that even if the park is sold, there will not be enough money to repay those towards the bottom of the list, the story stated.
Bruce Johnson, owner of Champion Supply, said: "I don''t think we are going to get money either way. They kept saying they would get us a check. We took our eye off the ball."
Johnson said that he put too much trust that the park, which came under new ownership in 2007, would pay their bills, the story noted.
According to the story, Ghost Town Chief Executive Officer Steve Shiver blames the park''s financial problems on the recession, and fears that the park may not be able to open for the season as usual in May.
Businesses owed money must have their ballots turned in by next week, the story added.
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