I read an interesting piece the other day in a local news paper about the fate of Morgan’s Island water park, as viewed by former employees. They claim that the bankruptcy lawyer appointed by the courts to function as a trustee, whose job it to oversee the proceedings during the bankruptcy, has been neglecting the water park in such a manner that it’s getting more and more difficult (and expensive) for any interested investors to acquire it.
Apart from not receiving salaries and grants they’re rightfully entitled to, they are also claiming that the park is being slowly dismantled and sections are being sold cheaply, making it harder and more costly for a potential buyer to acquire the whole property.
Recently rumors surfaced about two potential buyers. Apparently they were interested in Morgan’s with the condition that they were allowed to expand beyond Morgan’s current property, thus needing additional land. Officials didn’t like the plans – again, according to rumors – so the buyers backed out. Keep in mind that I couldn’t independently verify these claims.
What I can tell you for sure that every day that passes without resolving the bankruptcy issue, it becomes less and less likely this water park will ever open again. I drove by there today and indeed I saw how parts of it started to deteriorate. The fence started to come down and the attractions are looking bleak in the sun. It looks sad.