August 2006 to Ghost Town Partners, LLC and reopened on May 25, 2007 after $38 million was spent on renovations and improvements. Loans of $10 million were obtained from BB&T ; All of the rides were reopened except the incline railway, the train and the Monster. The opening of the park in May was scheduled closely by Dean Teaster and Hank Woodburn so the motion picture Dean Teaster's Ghost Town, which was filmed in the western town could premiere that same weekend. While attendance numbers were not announced, tourism to Haywood County increased 22%. Plans were announced to restore the railway, the train and the monster in the next season. 2008 The Financial crisis of 2007–2008 had a negative effect on tourism and attendance at the park. 2009 In 2009, after more than $11 million had been spent, $6 million of that on the Cliffhanger roller coaster, Ghost Town filed for bankruptcy. The economy and high gas prices the previous year were blamed for the park's problems, but managing partner Lynn Sylvester said reopening was planned for May 15 and the park would continue to operate. By mid-May 2009, the park's rides had not been inspected and Ghost Town claimed to need a $330,000 loan in order to reopen for the summer on May 22. The park asked the town for that money. Failure to secure the loan would have probably meant the loss of 200 jobs and a $2 million payroll, as well as impacting local businesses who benefited from park visitors. An anonymous investor provided the money, according to park president Steve Shiver, so a vote by the town on the loan request became unnecessary and the park opened as planned except for rides that had not been inspected. The park also added a new ride, Geronimo Drop, which had been at Libertyland in Memphis, Tennessee and was bought by Ghost Town in 2007. Shiver said the park had a $27 million plan to improve the park over four to five years, including moving and adding rides and introducing new events. Ghost Town continued to struggle financially until the end of the 2009 season, when the park closed while the owners dealt with bankruptcy issues amid complaints that employees were not being paid. Owners of the Smokey Mountain Railroad in Bryson City attempted to purchase the property, but were unable to obtain financing. Attempted re-openings 2010 On February