Nov
03

Hard Rock Park Is For Sale

By
October 31, 2008

By Pete Iacobelli – Associated Press Writer

Life in the fast lane apparently was too much for Hard Rock Park. Six months after opening, the only major U.S. theme park to open in the last decade is for sale.

Spokesman Jim Olecki said Friday the $400 million Myrtle Beach park celebrating rock ‘n’ roll couldn’t cope with less-than-expected attendance and a faltering economy.

The park opened in April after seven years of planning, with roller coasters based on Led Zeppelin’s “Whole Lotta Love” and the Eagles’ “Life in the Fast Lane.” It filed for bankruptcy protection in September.

Olecki said owners hope a buyer can be found by the end of the year and the park can reopen in 2009. However, Hard Rock Park won’t open if it’s not sold, Olecki said.

He said he could not could not say if park owners were in contact with a prospective buyer or how much the attraction would cost.

The park’s creditors must file any objections to the sale by Nov. 13, according to court documents filed Friday in U.S. Bankruptcy Court in Delaware.

Olecki has said the park didn’t have enough money for promotion when it opened and the credit crisis made it impossible to get more.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.thestate.com/statewire/story/574252.html
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