The new owner of Ghost Town in the Sky tied up the final loose ends related to her purchase of the bankrupt amusement park last week.
Alaska Presley officially took title to the rides and buildings on the grounds of the once-popular amusement park for $500,000, bringing the total cost of buying Ghost Town out of foreclosure to $2 million. She purchased the actual land in mid-February for $1.5 million.
The list of equipment and buildings in the sale includes Ghost Town’s rides, the A-frame souvenir shop and ticket booth at the bottom of the mountain and the structures that make up the mock Wild West town.
The inventory indicates that most of Ghost Town’s rides — such as a vintage WWII-era carousel, the kiddie coaster and Sky Fighter — are more than 40 years old and have dwelled inside the amusement park’s gates since its heyday. Despite their age, Presley previously stated that she will refurbish and restore the rides if possible.
Ghost Town has been closed for two years after going into bankruptcy, but Presley plans to reopen the park that once brought 400,000 visitors and prosperity to Maggie Valley. But, before it can even think about opening, “there is so much more to be done,” Presley said.
Presley has gotten electrical power restored to a portion of the park, including the old Wild West town, which is the main focus of Presley’s revitalization efforts right now and the portion that she hopes to open before the end of the tourist season this year.
Haywood EMC, the electrical power company that serves Ghost Town, turned off the power after being stiffed an unknown amount of money by the former owners. The company previously told Presley that it would restore electrical services to the mountain if she shelled out $30,000 up front given the track record of the past owners.
Presley has also figured out a new plan to solve ongoing woes with the park’s water system. Ghost Town is on the public water supply of Maggie Valley Sanitary District, but has battled with aging pipes and system to get the water up to the mountaintop theme park. Presley now plans to build two wells to provide water to the amusement park rather than trying to pump water up the mountain.
“It will be so much more economical,” Presley said.