MONTICELLO, Ind. (WLFI) — Indiana Beach is closing for good on Tuesday.

White County Economic Development Director Randy Mitchell confirmed that Apex Parks Group decided to close Indiana Beach after a search for buyers ended unsuccessfully.

Apex Parks Senior Vice President Gregg Borman told Mitchell the closure was strictly for financial reasons.

Mitchell said Apex Parks will send out a press release in the coming weeks that will layout plans for the season ticket holders, rides, employees and the campground.

Indiana Beach still has 27 employees: 15 in maintenance and 12 in administrative roles. The future of their employment is uncertain, according to Mitchell. Mitchell also said Apex Parks closed three other amusement parks.

The lakeside resort was opened by the Spackman family. In 2008, they sold the park to Morgan RV Resorts. On Sept. 1, 2015, it was announced that the park had been sold to Apex Parks Group.

In 2019, a 12-year-old boy died after suffering a medical emergency on a roller coaster at the park. Investigators determined it was not caused by Indiana Beach or the ride.