Cypress Gardens files for bankruptcy protection
Written by Erik Yates
Its been a rumor for a while, but its official that Cypress Gardens has file for Chapter 11 Bankruptcy Protection, the Sun-Sentinel reports in an article published today. They cited debts stemming from hurricanes Charlie, Frances and Jeanne as the reason, which pushed their reopening back six months. Cypress Gardens does not plan any cuts or closures at this time. They have in recent months received the Starliner, a legendary wooden coaster, but have yet to assemble it, mostly in part to budget restraints. Cypress Gardens is the oldest park in Florida being open for 70 years, and was once the home for many movies, TV shows and renowned for its ski show.Tweet
This is sad news for me personally, as they were the only park generous enough to allow Coasting For Kids to use their park for a coaster marathon May of this year. I wish them a speedy recovery and hope they can finally start to get things right.
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