ROCKFORD, Ill. (AP) — The Rockford Park District is considering selling a well-known water park because of financial challenges.
The Rockford Register Star reports someone approached the district recently about buying or leasing Magic Waters water park.
Park District Executive Director Jay Sandine says the district has explored a sale before because the park’s business is so weather-dependent. He says if there’s a bad summer it can affect the whole district’s finances.
Under state law, the district must get voter approval to sell the park. Some local lawmakers are pushing legislation to allow a sale if four of the five district board members approve, and if the sale price is at or above the average of three independent appraisals.
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Sandine says the park hasn’t been appraised recently so he doesn’t know what it’s worth.
Information from: Rockford Register Star, http://www.rrstar.com