Hi Joe,
When the Yankee became available, the line through Crawford Notch was not being used. It was either still owned by Guliford, or had just been purchased by the State of NH.
At any rate, the guy/family who owns StoryLand (Bob Morrell) purchased the Flying Yankee and moved it to the dirt lot in Glen, opposite the Crawford Notch line. The plan was to restore it to operation - running it from there (building a wye) to Faybians (where another wye could be built.) This attraction would be completely independent of Conway Scenic's operation - although they had their own interest in operating the Notch trains.
For whatever reason, Conway Scenic was awarded the contract from the State of NH to operate the Crawford Notch line. They opened it to Bartlett within a year or two, then through the notch. Meanwhile, Bob Morrell "sold" (for $1) the Flying Yankee to the state of NH on the condition that it be restored to operation. It was moved to Claremont, then to Lincoln where restoration continues.
I may have some of the details wrong, but that is the basic summary of events, etc.
-Ed Lecuyer
(who is looking forward to a day at the WW&F tomorrow