As for the condition of the coaster, it actually didn't look that bad from a distance. Most of the structure seems intact, except for a few missing handrails. The wood seemed in surprisingly good condition, given how long it's been neglected. I'm not a good person to judge how easy it would be to move or reconstruct this coaster, but I could clearly see several major problems. First, the ground near the back end of the coaster is pretty waterlogged. Second, there is one spot where a tree has completely fallen over the track and wrecked it. Third, the undergrowth around the coaster would be a major problem. There were trees growing straight through the brake run tracks. Finally, the cars themselves were in terrible shape.
Link via Hell in a Handbasket | Photo: Dave Sandborg
Remoteness is a big reason you'll see a lot of defunct amusement parks in the Midwest. Before places like Cedar Point and Six Flags, lots of small towns each had their own tiny amusement parks. You'd find one every couple towns and they each had maybe one roller coaster and a few smaller rides and a midway, etc. When the big parks came along, all the community parks went out of business, but they're just tucked away in little pockets of these semi-rural areas where there's not a lot of development going on. Chippewa Lake, because it's on the lake, had more land value as a possible resort area, so it's one of the few areas that is being developed.