Chief Bankruptcy Judge Jeffery Deller yesterday approved a reorganization plan that will allow the amusement park Conneaut Lake Park to continue operating while it pays nearly $3.5 million in debts, GoErie.com reported yesterday. The mediated plan filed jointly by park trustees and creditors in July will allow the park to sell property and make quarterly payments from operating revenues to pay debts. A majority of park creditors approved the plan in August balloting. Conneaut School District, Crawford County and Sadsbury and Summit (Pa.) townships each voted to accept the repayment plan. The local taxing authorities are owed more than $1.3 million in delinquent park property taxes. Approval by a majority of creditors and repayment plan feasibility were factors in the plan's confirmation, said Judge Deller.
