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MONTICELLO, Ind. (WISH) — The owners of shuttered amusement park Indiana Beach say they expect the park will be in operation again this year, after closing in February.

A spokesperson for Indiana Beach said in a statement, “Indiana Beach Amusement and Water Park Resort continues to work with White County to complete the sale of the park and campground, with the expectation that the park will operate in 2020.”

This comes after Apex Parks Group, the owner of Indiana Beach, on Thursday filed for Chapter 11 bankruptcy with plans to sell the attraction. The company operates 10 family entertainment centers and two water parks in California, Florida, and New Jersey.

The same day it filed for bankruptcy, the cover image on the park’s Facebook page changed, putting an X through the word “permanently” leading to speculation about its reopening.

“After an exhaustive examination of all options, we’ve determined that a sale of the company through the Chapter 11 process is the best path forward to enable Apex to focus on future operational transformation and growth,” Apex CEO John Fitzgerald said.

Indiana Beach closed on Feb. 18 after Apex said its search for buyers had ended unsuccessfully. At that time, the amusement park had 27 employees.

The 376-acre lakeside resort was opened by the Spackman family and was in operation for 94 years. In 2008, they sold the park to Morgan RV Resorts. On Sept. 1, 2015, it was announced that the park had been sold to Apex Parks Group.