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Playland Operator Reaches $12 Million Bankruptcy Settlement

The Westchester County Board of Legislators last week approved a bankruptcy court settlement with Standard Amusements regarding the management of Playland Amusement Park in Rye.

The settlement, which the board approved 13-4, was negotiated by the county and Standard – the terms of which were previously approved by the bankruptcy court.

The agreement gives the county significantly improved terms compared with the 2016 agreement, which had become the subject of a dispute in Standard’s bankruptcy reorganization filing.

Read the source article at The Examiner News

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