Finance: Arnold's Park shows financial progress

Posted at 10:18 AM EDT (1418 GMT)

Jul. 14th, 2004 -- Arnold's Park in Iowa has seen a 19.5% increase in revenue over last year, bringing in $596,000 through the end of June. The small amusement park has a net operating gain of $77,000 for this season.

Last year, the park lost $146,000. This year, a combination of the revenue increase and trimmed expenses have yielded a nice profit for the Coney Island-inspired park.

Arnold's Park still has a $1.7 million debt that they incurred to prevent housing developments being build in 1999. The park is developing a business plan to resolve the debt.

For more information: Omaha World-Herald