The historic Scenic Railway was destroyed by fire on Monday April 8. The fire suspected by police to bea case of arson.
The wooden coaster was consumed in flames before 5 pm on Monday. By 5:30 the coaster's drop had collpsed.
The ride which had been around since 1920, burned to the ground as hundreds of onlookers watched in horror.
Over 60 firefighters around Kent County rushed to the scene. Firefighters had to increase the water pressure do to the tremendous strength of the flames.
60 percent of the structure was saved according to Kent Fire and Rescue Service spokesman Chris Newberry.
"We are keeping an eye on a small section which is in slight danger of collapse, but the rest of the structure appears to be stable," according to a statement by Mr. Newberry.
Kent Police are still investigating the cause of the fire, but are suscpicious of foul play.
The attraction had been closed for two years, but was going to be reopened in hopes of boosting tourism to the area. The opening of the ride was the first plan to renew the whole Dreamland park.
Thanet county council leader Sandy Ezekiel stated his sadness concerning the drawback of the regeneration of the park saying, "In common with everyone who has worked so hard to rebuild Margate’s tourist industry, I am devastated by what has happened."
Former Margate mayor Mick Tomlinson said he was “devastated” by the fire, but added “I am positive that the ride must be rebuilt, and let’s just hope it is back up and running again soon."