Wichita ? A California amusement park operator has decided not to buy the now-bankrupt Wild West World.

Parks America Inc. had offered $12 million, and company officials thought they could reach an agreement by Friday, the extended deadline that creditors and Wild West World agreed on for the theme park to avoid liquidation of its assets.

The deadline had been Sept. 28.

The Santa Monica, Calif.-based Parks America is still interested in buying individual Wild West World rides, but not the entire park, said Gaye Tibbets, the Wichita lawyer who represented the company during purchase talks.

“After it performed its due diligence, it concluded that the park as a whole was not a purchase it wished to make,” said Tibbets, declining to elaborate.

She said Parks America president Dale Van Voorhis is out of the country.

The $30 million Wild West World, which opened to the public in the Wichita suburb of Park City in May, is $24 million in debt and has hundreds of unpaid creditors. Founder Thomas Etheredge closed the Western-themed park in July and filed for Chapter 11 bankruptcy.

Lawyer Ed Nazar, who represented the theme park in bankruptcy, said he filed motions Friday to sell three of the park’s 24 rides. It wasn’t immediately clear how quickly U.S. Bankruptcy Court Judge Robert Nugent will approve the ride sales, a process that could take a few weeks.

The whole park will remain for sale in the interim, but The Wichita Eagle reports that sources close to the bankruptcy say there are no bidders.

Bank of Blue Valley will be seizing four rides it leased to the park.

Nazar said the ride sales will be cash only, with no financing or equity participation available.

The top priority is to get the rides sold and out of the park to avoid cold weather and the weatherization expenses that come with it, Nazar said. The park’s metal buildings will be sold after the rides go, he said.

Park City Mayor Dee Stuart called the situation “disappointing” and criticized bankruptcy officials for dealing only with Parks America.