An investor purchased the entire Camden County property at an online auction Wednesday for $2.3 million, according to Capitol Recovery Group (CRG), which arranged the sale.
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Clementon Park closed suddenly in 2019, but CRG says the new buyer has plans to reopen it.
"The buyer is Clementon Park Holdings LLC, a division of Indiana Beach Amusement and Water Park, and they have indicated they plan to re-open later this year," according to CRG President Bill Firestone.
The auction started with a bid for the entire property. That bid was held until all of the individual elements were put up for auction, including the amusement rides, water slides and liquor license.
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According to CRG, since the total of the individual bids did not exceed the amount bid for the entire property, the auction reverted to the initial bidder - Clementon Park Holdings. The bid also includes a 10 percent buyer's premium for a total of $2,607,000.
"We're pleased with this outcome and happy to have played a role in giving this park new life," said Firestone.