Lubbock business news includes Joyland closure, factory and more

Alana Edgin is a business reporter for the Avalanche-Journal, as seen in the Lubbock Avalanche-Journal on Tuesday, June 14, 2022.

Hello AJ Readers!

One of the biggest stories of the week was a sad one, as the potential savior of the Joyland amusement park walked out of the deal. The news broke on Tuesday, when the Dean family announced that the historic park would not reopen for Season 51.

“It is with a broken heart that we must announce that Joyland will not reopen after all,” the post said. “The local investor group that originally agreed to buy the business has withdrawn from the sale.”

Those potential buyers — Jim and Kay Evans and Darryl and Stephanie Holland — shared a statement with Avalanche Magazine late Tuesday.

“We are disappointed that we were not able to move forward with the acquisition of Joyland – as our team encountered many obstacles that prevented a successful transition. Our intent to purchase this Lubbock landmark was serious from day one – but there were some overwhelming Factors – primarily the lack of access to professional insurance, offseason vandalism, reduced experienced carryover personnel, the upcoming spring operating season – and many other factors – contributed to this very difficult decision. We thank the Dean family, The efforts of the City of Lubbock and the citizens are appreciated for their support of our sincere efforts. Significant time, energy and investment have been invested in exploring this effort – including entrance design revamps, proposed splash pads and many other upgrades, to benefit families and our communities – but the factors beyond our control are too great to overcome.”

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