A Tulsa carnival company has signed a letter of intent to buy Wild West World for $2 million.

Spectacular Attractions, doing business as Murphy Brothers Exposition in Tulsa, also plans to spend $4.2 million to reopen the bankrupt park with about 35 mobile and permanent rides.

The entire $6.2 million deal -- which would include the park's 98 acres and existing buildings -- would be financed by industrial revenue bonds issued by the city of Park City. The park is north of Wichita along I-135.

A sale contract -- pending for six weeks -- remains unsigned as negotiations between Spectacular Attractions and lenders in the bankruptcy case continue, according to sources close to the park's bankruptcy.

Thomas Etheredge opened Wild West World, a $30 million western-themed amusement park, on May 5. He closed it and declared bankruptcy on July 9, leaving behind $24 million in debt.

Most of the park's rides have been removed and a series of auctions disposed of the remaining items.