A Chicago businessman has purchased Indiana Beach and Boardwalk Resort on Lake Shafer in Monticello, Ind.
Gene Staples purchased the nearly 100-year-old park from its former owner, Apex Holdings.
Apex announced plans to close the park in February, but has since declared bankruptcy.
White County Commissioner John Heimlich confirmed the deal Thursday.
Staples said he plans to have the resort open in 2020.