The would-be manager of Playland amusement park filed for bankruptcy yesterday, one day before Westchester County planned to kill the company’s contract to run the park.
Standard Amusements said in a Chapter 11 filing that without the contract it would lose its only source of revenue. It's asking the court for a stay during reorganization that would block the county from terminating its deal "or otherwise taking steps that would frustrate SA's preservation of the Agreement."
The company was supposed to take over management in November, but County Executive George Latimer announced in April he was ending the deal.
Nicholas Singer, the head of the company, said in a declaration filed with federal court that the reorganization filing was necessary after “exhausting all other alternatives, because of the unjustified, bad faith efforts” of the county.