Playland Park Revival Deal May Get Bankruptcy Court Scrutiny
- Park's would-be savior filed Chapter 11 as contract terminated
- Standard Amusements principal Singer to pursue pact in court
Playland
Photographer: Jim Fitzgerald/AP Photo
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An entity aiming to revitalize the Playland Park amusement center in suburban New York has filed for Chapter 11 bankruptcy after Westchester County said a contract with the company is dead.
Standard Amusements LLC, controlled by Standard General co-founder Nicholas Singer, listed assets up to $500,000 and liabilities up to $1 million in its petition filed in the Southern District of New York. The company’s principal asset is a contract with Westchester County, which was supposed to allow it to take control of the park, located in Rye on the Long Island Sound.