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No deal for Hard Rock Park?

Written by
Published: December 18, 2008 at 3:33 PM

A report out of Myrtle Beach claims that there were no bidders for the bankrupt Hard Rock Park in bankruptcy court this week. In addition, PARC Management, an amusement operator that bought former Six Flags properties such as Darien Lake, has made a pitch for local officials to help pay for financing for PARC to take over the property.

Local officials turned down the offer cold, citing their own lack of available money, according to the Myrtle Beach newspaper website.

A minimum bid of $35 million was required to enter the auction for the shuttered $400 million theme park. Still awaiting official word from the Delaware bankruptcy court if there were indeed no bidders at that price.

What's next, though? A live on-site auction as the park's rides and equipment are sold, piece by piece? It really does sound like this park might be gone for good now.

Readers' Opinions

From Anthony Murphy on December 18, 2008 at 7:49 PM
Well, I guess my guess was too high........
From Mike Sandusky on December 19, 2008 at 12:51 PM
This doesn't bode well for the industry as a whole. 2009 could be a bad year for theme parks.
From Joshua Counsil on December 22, 2008 at 2:41 PM
So ... TPI, can we raise the funds?

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