Hard Rock Park Seeking Permission To Liquidate
January 2, 2009, 15 years ago
The Associated Press is reporting:
The owners of Hard Rock Park are asking a federal bankruptcy judge for permission to liquidate their assets in the failed Myrtle Beach venture so they can pay their creditors.
Court documents filed Tuesday in Delaware show that attorneys for Hard Rock Myrtle Beach Holdings LLC want to convert the company's filing for Chapter 11 bankruptcy to Chapter 7. A hearing on the motion was scheduled for Tuesday.
The $400 million, 55-acre amusement park opened in April. Its roller coasters were based on LED ZEPPELIN's 'Whole Lotta Love' and THE EAGLES' 'Life In The Fast Lane'. The owners sought Chapter 11 protection in September.
The park's owners were unable to find bidders willing to pay at least $35 million at a December 15 auction.
