As the park's rides were auctioned off, a group of four local businessmen made a concerted effort to purchase as many of them as possible. This group went on to purchase the park from the Flynn family in an attempt to preserve it as a traditional amusement park. Although nearly $1 million was spent in upgrading and refurbishing the park, attendance continued to dwindle, in part due to a public perception that the park had closed altogether. In 1995, the owners filed for bankruptcy and the park did not open. However, by the 1996 season, a group called Summer Resorts, Inc., under the leadership of Gary Harris, completed a purchase of the park. Although Harris arrived at Conneaut Lake with a history of criminal charges, residents were optimistic that the park could be saved under his leadership. The park reopened on July 4, 1996, but new problems arose in 1997 when Harris was convicted of tax evasion. To help extricate himself from his legal difficulties, Harris gave the debt-ridden park to the Conneaut Lake community in 1997, but later filed a lawsuit claiming that he held a 99–year lease on the park grounds and retained ownership of several rides. When that lawsuit was lost in 2001, ownership reverted to a court-appointed trustee. The park began the new century under the oversight of a not-for-profit corporation, The Trustees of Conneaut Lake Park. During this time, the park experienced a renewed interest, driven in part by roller coaster and amusement park enthusiast groups. Several of the park's rides, including the Devil's Den and Blue Streak Roller Coaster, were repaired by volunteers. In August 2010, the park received $50,000 in funds from a contest sponsored by Pepsi for use in restoring the Blue Streak. Several fires destroyed buildings on the property, including a 2008 fire that destroyed the Dreamland Ballroom and a fire on August 1, 2013, that destroyed the dockside restaurant and the beach front building. Other attractions at the park include these:  Splash City is a water park located in the middle of the park. It contains 3 major attractions; Cliffhanger Falls, Connie Otter's Kiddie Cove, and Otter Creek River Adventure. There are also two decks on the island of the lazy river for sunbathing. They can be accessed by a bridge on the right end of the lazy river. The slides were added in 1986, and the rest of the water park was added in 1991. They operated from 1986-1994, 1996-2006, and then again from 2009-2010.