Storyland appeared to have shut for good in September last year but Berkhout confirmed that several offers had been received during the close season.

Since originally opening in 1966, over 1.5 million visitors of been welcomed at the charming facility, which has a familiar reputation throughout the local community.

For Great North Parks, the main selling feature was the park’s lineage and well-known reputation, said Todd Mattila-Hartman, president of the company. "It has a very strong brand. Our long-term plan would be to take all the good elements and add and enhance that experience."

Great North will purchase a portion of the park’s 175 acres, leave it largely intact and add several new rides plus a games room. John Berkhout will remain at the park throughout the summer to ease the transition.