November 3, 2005
Memphis, TN -- Libertyland Amusement Park is no more. The park's board of directors voted unanimously Thursday to shut down the park for good because the park has lost money for the past few years.
"We've had losses for the last several years," said Winchester.
"We felt like those losses and expenses were something that were justified because of the number of young people we were hiring every summer," Winchester added.
40 full-time employees and 300 seasonal workers will lose their jobs. Libertyland was the largest employer of teenage workers in Memphis.
The repeated losses over the years ended with a loss of half a million dollars this past season.
The board felt the continuing losses were too much to justify and so they decided to close the park.
Board members now must decide what to do with the rides and buildings at the amusement park.
The Zippin' Pippin roller coaster, which was the favorite ride of Elvis Presley and the park's carousel are historic structures.
Libertyland amusement park ended its final season in September.
Related: See Libertyland
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