On October 16, 2007, the Roanoke Times reported that the park would not reopen for the 2008 season in April after the 2007 season ended on November 18. VRFA did not have adequate funding to operate Explore Park beyond the fiscal year ending June 30, 2008, so plans were made to shut down the park and preserve its historical artifacts at the end of the 2007 season instead. The last-day visitors expressed disappointment in the park's planned closure, with then-9-year-old William Cathey saying that he hoped "they are going to build something new that's pretty nice" but he suspected "it's never going to be as good as it is." At the time, it was thought that VLH would decide to proceed with its investment, and the anticipated impact to the public would be minimal, as VLH would have needed to shut down the park in any event starting in 2008 to commence construction. The park transitioned to a passive recreation facility on July 1, 2008, and the park's buildings were shuttered with the exception of the Blue Ridge Parkway Visitor's Center. However, due to the global recession, there were no willing lenders and VLH would exercise its options for two one-year extensions to the review/study period, as capital to begin construction was not available, and VRFA began developing alternative plans.