Themeparks LLC, later known as Kentucky Kingdom LLLP, was an American company that operated two amusement parks. The company was originally formed as "227 Plus One" in the late 1980s by Ed Hart and is based in Louisville, Kentucky. Themeparks' first park was Kentucky Kingdom, which it bought in 1989 and sold to Premier Parks (now Six Flags) in 1997. Themeparks subsequently operated Magic Springs Theme Park in Hot Springs, Arkansas from 2000 to 2008 before selling it to PARC Management. Themeparks LLC repurchased Kentucky Kingdom in 2013 and operated the amusement park from 2014 to 2020. In February 2021, Kentucky Kingdom was sold to Herschend Family Entertainment. History The first decade (1989–2008) In early April 1989, businessman Ed Hart bought the then-bankrupt Kentucky Kingdom amusement park's operating rights in a contract with the Kentucky State Fair Board. Hart then turned the park around and reopened it for the 1990 season. During this time, Hart founded Themeparks LLC specifically for the project. On September 26, 1997, Themeparks LLC announced that Kentucky Kingdom would be sold to Premier Parks for $64 million, the deal was finalized on November 7. In 1998, Premier Parks purchased Six Flags Theme Parks from Time Warner, Kentucky Kingdom became Six Flags Kentucky Kingdom on June 21, 1998. In the late 1990s, Hart was approached by Fitraco, a Belgian company, to reopen Magic Springs amusement park in Arkansas. Hart then reassembled and restarted Themeparks LLC, only one year after it dissolved after the sale of Kentucky Kingdom to Premier Parks (now Six Flags). Hart and Themeparks LLC then reopened the park on May 27, 2000, after five years being closed. During Themeparks LLC's operations at Magic Springs, attendance grew to new highs, after the additions of Crystal Falls Water Park and the Timberwood Amphitheater. In October 2002, the company made a bid for VisionLand, a theme park in Bessemer, Alabama, but the price was too high. Themeparks LLC sold Magic Springs and Crystal Falls to PARC Management in June 2008. Themeparks LLC then dissolved for a second time afterwards. Return to Kentucky Kingdom (2010–2021) In 2010, Themeparks LLC temporarily renamed itself to KK Redevelopment LLC to buy back Kentucky Kingdom from the state of Kentucky. In late 2011, The Kentucky State Fair Board ended their plans with KK Redevelopment LLC to reopen Kentucky Kingdom, after they failed to reach a lease agreement by a September 30 deadline.