News: Libertyland set to auction off rides

Posted at 3:13 PM EDT (1913 GMT)

Apr. 24th, 2006 -- Potential ride buyers will have a chance not only to buy Libertyland's carousel, but the park's other rides as well. Libertyland, which closed last year due to financial problems, will auction off more than 20 rides on June 21.

One of the most interesting offerings is the Zippin Pippin wooden roller coaster, constructed in 1915 and billed as Elvis Presley's favorite. Graceland says it has no intention to bid on the ride. Other notable pieces include the park's Grand Carousel, which is expected to fetch as much as $1 million, and the double-corkscrew Revolution steel coaster.

The amusement park does not have expectations on the number of bidders or the cost of the items, but expects plenty of interest from buyers both in the Memphis area and elsewhere.

See INS News for more.