Under the efforts of former Kentucky Kingdom operator Ed Hart and several investors, the Kentucky Kingdom Redevelopment Company was formed to redevelop the park and reopen it. The Koch Family, owners of Holiday World & Splashin' Safari in Santa Claus, Indiana, also expressed interest in redeveloping the park.
A new company, the Kentucky Kingdom Redevelopment Company, was created under the leadership of former operator Ed Hart and investors to restore and reopen the park. The Koch Family, who own Holiday World & Splashin' Safari in Indiana, also expressed a desire to revitalize the park.