Unfortunately, Libertyland died a slow and painful death. The amusement park closed following the 2005 season. The salvageable rides and other assets were auctioned off in the summer of 2006, but much of the park remained abandoned through 2009. The park’s remaining infrastructure wasn’t razed until early 2010.
The time lapse below shows a satellite view of the park from 1997 through 2014:
Larger images of the stills can be seen below: