Louisville, Kentucky - Bluegrass Boardwalk is becoming less a dream and more a reality by the week. Dan Koch recently announced an exact date that his family is aiming to open the park - May 11th, 2013.

"We've got financing approved,” Koch told wdrb.com. “We have to have the mortgage placed on the property, and the governor signs the lease, and we're good to go.”

As COASTER-net reported just weeks ago, Bluegrass Boardwalk, Inc recently got approval for tax incentives. It intends to invest upwards of $15 million into the former Six Flags park.

Much of the investment is going into sprucing up pre-existing rides and buildings on the property, but also into new additions.

“We're going to put in new rides. We're going to paint buildings. We're going to clean up toilets,” Koch said. “There's a happy thing back there, too. There's a lot of pretty buildings already and some of those rides aren't in bad shape and the landscaping actually is beautiful.”

Not every ride will be staying from Kentucky Kingdom to Bluegrass Boardwalk. Some are in such disrepair that it wouldn't make sense to put more money into repairing it than replacing it.

“I can't speculate what we'll have open because we haven't broken down all the rides and slides to take a look at it. And candidly, some are just gonna be beyond the repair standards of Holiday World," Koch told WKU Public Radio.

Continue to watch COASTER-net as we keep you updated.