Standard Amusements Files For Bankruptcy

RYE, NY — The company that was at one time going to take over management of the county-owned Playland amusement park has filed for bankruptcy. Standard Amusements said that without the contract with Westchester County the company would have no other source of income.

In a Chapter 11 filing, Standard said it was asking the court to block the county from terminating its agreement, the Journal News said.

In April, Westchester County notified Standard that it was ending the agreement to have the company take over managing Playland. The contract was supposed to be ended Tuesday.

County Executive George Latimer issued a statement saying that the county had been notified of Standard's bankruptcy filing.

"Our legal team will continue to address this matter as it will now be dealt with by the bankruptcy court," he said. "At this point, we are continuing to focus on Playland having a vibrant and successful 2019 season."

Standard was give a 30-year agreement in 2016 under the administration of then-County Executive Robert Astorino.

Latimer said that, after an extended review of the agreement, county was not satisfied with what Standard has produced, adding that the company was in material breach of the contract and had spent money on purposes not agreed to by the county.

Playland has been open weekends since May 11 and go on its full-time schedule June 1.

Find and “Like” Hudson Valley Patches' Facebook Pages.