Maggie Valley, North Carolina - Despite all the issues the park has gone through over the past decade or so, it appears all hope may not be lost for Ghost Town in the Sky. A source close to the parks former owners has urged fans to “keep the faith,” and is aiming to get the park back up and running in time for the 2012 season. Apparently, a package to sell the park to a new set of owners is now just waiting approval from a governmental agency, and could reopen by 2012.

While the park had originally planned to reopen in May 2010, a mudslide in February 2010 shot town the main access road to the area, which ended the company’s plans and forced them into Chapter 11 bankruptcy. This left the park’s owners with little chance of emerging from bankruptcy, which would then be auctioned off to help pay off its debt.

In December 2010, part-owner Al Harper sold 49% of his scenic railway company to Remodel Auction, forming the American Heritage Family Parks, which gave the park hope for emerging from bankruptcy. That company has now announced its intentions of saving the park, but no details have been announced since.

Ghost Town first went into bankruptcy in 2002 and remained closed for the next four years when Al Harper and a group of three others bought the park and reopened it again in 2007. But just two years later, the park plunged back into bankruptcy, and has remained there since. Now it appears the park may have hopes of opening after another four year dormancy once again, but with no further details released, it is no more than a distant hope right now.