The Interpreter Posted December 24, 2008 Author Posted December 24, 2008 Hard Rock Park asks Bankruptcy Court for Extension: http://www.carolinalive.com/news/news_story.aspx?id=239188 Quote
The Interpreter Posted December 24, 2008 Author Posted December 24, 2008 A WEE bit more, including this line: ...Attorneys say they want to secure a buyer for the park so it can open on time for the 2009 season.... And probably best preserve value for the creditors by protecting the land and equipment's highest and best use and thus highest value. http://www.thestate.com/statewire/story/631063.html Quote
The Interpreter Posted December 26, 2008 Author Posted December 26, 2008 An interesting analysis of what went wrong at Hard Rock Park appears in this article about a proposed Arizona rock and roll theme park: ...A park nearly identical to Eloy's proposed Decades park was opening in Myrtle Beach, S.C. Called Hard Rock Park, the East Coast version looked pretty much the same as what was proposed for Eloy — except that Hard Rock Park actually had more going for it. It was located in a well-established tourist destination and benefited from a more recognizable name (part of an agreement with Hard Rock Cafe). But that park, often used by the Arizona theme- park folks as an example of why the idea would work well here, was troubled even before opening day. Strapped for cash, developers delayed the opening and turned to junk bonds to bring in revenue. With little money left, the management didn't do much advertising. As the economy soured and gasoline prices rose, ticket sales dropped week-to-week. By September, Hard Rock Park had filed for bankruptcy and closed its doors. ... http://www.azstarnet.com/metro/273303 Quote
XGatorHead 8904 Posted December 26, 2008 Posted December 26, 2008 And that same article says: Hard Rock Park may reopen. It was sold at an auction in New York City early this month. But the most generous estimates put that reopening date at 2010. If only that were true, we might yet get a chance to actually visit HRP... Quote
The Interpreter Posted December 26, 2008 Author Posted December 26, 2008 I was waiting for someone to pick up on that. I strongly suspect the article was actually written before the auction, and that the author knew he was perfectly safe saying the park sold...after all, the minimum price was only $35 million, and yet there were no buyers... Quote
RailRider Posted December 26, 2008 Posted December 26, 2008 Also interesting is that Parc managment if they were to arrange a purchase would not reopen HRP till 2010. Still no purchase, buyers or arrangements are made. Quote
The Interpreter Posted December 28, 2008 Author Posted December 28, 2008 Nearby Businesses Left Wondering About Hard Rock Park's Future: http://www.scnow.com/scp/news/local/grand_...s_future/25217/ You can see the coasters operating in the file footage in the video, too. Quote
The Interpreter Posted December 29, 2008 Author Posted December 29, 2008 Hopes Dim for 09 Activity at Hard Rock Park: http://www.myrtlebeachonline.com/news/loca...ory/722640.html See also, as to the Market Common: http://www.myrtlebeachonline.com/business/story/722765.html Quote
Beast1979 Posted December 29, 2008 Posted December 29, 2008 the minimum price was only $35 million $35 Million? Diamondback is only $22 Million, and that's just one coaster! Quote
The Interpreter Posted December 29, 2008 Author Posted December 29, 2008 Diamondback was contracted for before the current economic collapse. Whether or not it would be under current circumstances is highly questionable. Quote
The Interpreter Posted December 29, 2008 Author Posted December 29, 2008 Meanwhile, the $46 million bridge to the site is under construction: http://www.myrtlebeachonline.com/news/loca...ory/723660.html ...Construction is well under way on the $46 million Fantasy Harbour Bridge, which will connect Harrelson Boulevard to the site of the now-closed Hard Rock Park.... Quote
tigellinus Posted December 30, 2008 Posted December 30, 2008 Diamondback was contracted for before the current economic collapse. Whether or not it would be under current circumstances is highly questionable. How do you explain Carowind's 2010 B&M hyper, White Lightning, then?? 1 Quote
The Interpreter Posted December 30, 2008 Author Posted December 30, 2008 Has construction started? Is it confirmed? And if so, when was the contract signed? Well? Even Lance Hart of Screamscape included this language in his coverage of what he purports may be White Lightning: ...Assuming the poor economy doesn't kill the project.... http://www.screamscape.com/html/carowinds.htm Quote
tigellinus Posted December 30, 2008 Posted December 30, 2008 ^^Heh....well, admittedly my only quabble is jealousy if WL ends up having better stats (like a much higher drop or something) than D-back! But I guess jealousy is a Deadly Sin, afterall. Quote
The Interpreter Posted December 30, 2008 Author Posted December 30, 2008 The Building Of Hard Rock Park to be profiled on Science Channel, January 9, 8pm Eastern: http://www.carolinalive.com/news/news_story.aspx?id=240345 Quote
RailRider Posted December 31, 2008 Posted December 31, 2008 Uncertainty on Theme Park Site MyrtleBeach Online Quote
PKIDelirium Posted January 2, 2009 Posted January 2, 2009 Hard Rock Park files for Chapter 7 http://www.myrtlebeachonline.com/news/brea...ory/728801.html Quote
The Interpreter Posted January 3, 2009 Author Posted January 3, 2009 RIDE OVER for Hard Rock Park: http://www.carolinalive.com/news/news_story.aspx?id=241875 Quote
tigellinus Posted January 3, 2009 Posted January 3, 2009 Holiday World, are you listening!?! A B&M twister-hyper for only $2 million! 1 Quote
Cory Butcher Posted January 4, 2009 Posted January 4, 2009 Holiday World, are you listening!?! A B&M twister-hyper for only $2 million! That ride will not just cost 2 Million dollars. The cost to dismantle, and relocate, in fact just the shipping costs will greatly exceed that figure that you list, in all likelihood! Quote
CoastersRZ Posted January 4, 2009 Posted January 4, 2009 And besides, Holiday World is already spending a lot of money in 2009 on building the world`s tallest water ride from Intamin. Quote
The Interpreter Posted January 4, 2009 Author Posted January 4, 2009 Future Looks Dim For Hard Rock Park: http://www.scnow.com/scp/news/local/grand_...ock_park/26155/ Quote
The Interpreter Posted January 5, 2009 Author Posted January 5, 2009 Hearing Scheduled Tuesday for Hard Rock Park Sell-Off: http://www.scnow.com/scp/news/local/grand_...sell-off/26302/ http://www.carolinalive.com/news/news_story.aspx?id=242672 Quote
The Interpreter Posted January 5, 2009 Author Posted January 5, 2009 See also: http://themeparks.about.com/b/2009/01/05/h...n-deaf-ears.htm Quote
RailRider Posted January 7, 2009 Posted January 7, 2009 Maybe they will relocate all of HRP rides to the Bible Park? Quote
RailRider Posted January 7, 2009 Posted January 7, 2009 Just wanted to post this link to Myrtle Beach Online, they have a database of various articles regarding HRP and the current bankruptcy happenings, but whats even cooler is the searchable database of folks they owe money too, who more thank likely will never get paid, espcially if it goes to CH. 7. MB Online Quote
The Interpreter Posted January 8, 2009 Author Posted January 8, 2009 Court Approves Liquidation: http://www.reuters.com/article/rbssConsume...G39785020090107 http://www.myrtlebeachonline.com/business/story/732693.html Quote
The Interpreter Posted January 8, 2009 Author Posted January 8, 2009 Road at Hard Rock Park Not Set In Rock: http://www.myrtlebeachonline.com/679/story/733607.html Quote
The Interpreter Posted January 8, 2009 Author Posted January 8, 2009 Fiasco Prevention: http://www.myrtlebeachonline.com/opinion/story/735059.html ...the theme park's collapse has left the Grand Strand, the finest large-scale seaside resort on the East Coast, with a black eye and a 55-acre hulk whose chances of salvage seem nonexistent. Unless some capable company swoops in to repurpose the facility as a garden-variety theme park, our communities will be left with an enduring monument to insufficiently skeptical public-side development planning and approval....(emphasis in the original) Quote
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