PARK CITY, Kan. (AP) _ A Tulsa, Okla., carnival company apparently defaults on its $2 million offer to buy the defunct Wild West World and now a Wichita businessman has the city's blessing to buy the property.

The Park City Council held an emergency meeting Wednesday and unanimously approved a letter of intent to issue up to $5 million in industrial revenue bonds to Wink Hartman. Hartman has offered $2 million to buy the land and develop it.

Tulsa-based Spectacular Attractions had asked for a 60-day extension to complete its financing package to buy the amusement park. But the park's consortium of lenders objected to the extension.

Park City officials say the the offer by Spectacular Attractions, headed by businessman Jerry Murphy, defaulted at 5 p.m. Wednesday.

(Copyright 2008 by The Associated Press. All Rights Reserved.)

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