Myrtle Beach’s Hard Rock Park Closing!
Myrtle Beach’s Hard Rock Park Bankrupt and Closing After First Season
As reported by UltimateRollercoaster.com:
After a disappointing first summer, the music has been silenced at the new Hard Rock Park in Myrtle Beach, at least temporarily.
Parent company, Myrtle Beach Holdings, LLC, announced yesterday that they will file for Chapter 11 bankruptcy and the theme park will close for the remainder of the 2008 season effective immediately.
“The downturn in overall consumer spending combined with rising fuel costs have had a significant impact on tourism in Myrtle Beach and other markets, said Chief Executive Officer Steven Goodwin. “Additionally, the frozen credit markets and the unprecedented volatility in the global financial markets has severely limited our ability to line up the planned financial resources needed to execute our summer marketing plan and adequately promote the Park.”
Myrtle Beach Holding is hoping this process will give them the opportunity to restructure its balance sheet and reduce its debt to ensure the future health and sustainability of the company.
“I would like to thank our employees, annual pass holders, visitors, vendors, sponsors and all of the other great people that were essential in making our inaugural season happen, added Goodwin. “Visitors to Hard Rock Park overwhelmingly compare their experience to the best that major theme parks have to offer and we look forward to continued success as a first class entertainment destination in the years to come.”
Rumors of the parks troubles have been circulating for weeks, but the first signs were apparent when the park announced it was laying off employees more than a month ago. Adding to the problems, one of the park’s major roller coasters, Maximum RPM, temporarily closed and due to the ride manufacturer disabling the ride due to delinquent payment.
Guests visiting Hard Rock Park this summer reported finding empty midways and little to no queue lines for major attractions.
The park had projected that it would attract approximately three million guests in its first year. Big name performers were part of the failed plan to fill the theme park.
See related: www.hardrockpark.com
Outloud! -S/T
Stryper - Murder By Pride
The park was a horrible misdirected mess.
[...] a Delaware bankruptcy judge approved the company’s request to begin liquidating what was billed as the world’s first rock ‘n’ roll theme park and the single-largest tourism investment in South Carolina [...]
Closing time for Hard Rock Park - Attuworld.com said this on January 9, 2009 at 11:45 am |
okay i really hope that the owners of hard rock park can keep it or either someone will buy it because hard rock park i personly think is the BEST thing that has happend to myrtle beach. i am 14 years old and i went 3 different times during the 2008 summer. i loved hard rock park and so did my family, best friend, and little cusin. my mom has neck problems so she cant really ride anything. she rode the nights and white satian ride and loved it. also her and my dad listen to bands, talked to the talking elvis cow, and let me, my little cusin, and best friend walk around the park by ourselves, ride rides, and overall have a GREAT time. i will be VERY sad if i goto the beach july 2009 and cant enjoy the best park ever and ride my favorite ride “led zepplin”.