"Carousel Tides" by Sharon Lee (one of the authors of the Liaden Universe series)
Quote:
Carousel Tides pulls you into the chill foggy reality of peeling-paint sand-grit coastal Maine outside of tourist season and then hands you something else — the hidden world lurking in shadows or under the land’s surface or just offshore, where Black Dogs hunt the night and selkies toss unpleasant truths over their shoulders before diving into the next wave. In the center of this, Kate Archer tends and guards one of the spookiest carousels this side of Ray Bradbury and wonders what has happened to her grandmother. The old woman sent her a letter, left papers deeding over the carousel and old house and the Land (meaning much more than property), and vanished, telling the spirits of the land and sea that she expected to be back before the turning of the year.
“Now March has come and gone and Kate must return from self-exile to take up powers and responsibilities she has renounced, or dying will be the least of her problems...
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The story takes place in and around the Fun Country Amusement Park in Archers Beach, Maine, prior to the official opening of the "tourist season" in the area.
http://www.baenebooks.com/p-1253-carousel-tides.aspx