| Hard Rock Park shuttering for good |
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By: MICHELLE WILLARD, Post Staff Writer
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Posted: Thursday, January 8, 2009 11:15 am
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Three short months after declaring bankruptcy and less than a year after opening the Hard Rock Park in Myrtle Beach, S.C. is closing it’s doors for good, the Dow Jones Financial Information Services reports.
The park was developed by SafeHarbor Holdings, LLC, the same company behind Bible Park USA, which was rejected by Rutherford County in May and now plans to settle in Lebanon.
The Hard Rock Park filed for Chapter 11 bankruptcy in September and court documents showed the park owed between $100 million and $500 million prompting HRP Myrtle Beach Holdings LLC to file for bankruptcy in Delaware.
A Delaware bankruptcy judge approved Wednesday the park’s request to begin liquidation. The park was billed as the world's first rock 'n' roll theme park and the single-largest tourism investment in South Carolina history.
The 55-acre, $400 million park opened in April and was touted by SafeHarbor’s Executive Director Armon Bar-Tur as a marker for the potential success of Bible Park USA, a biblically themed tourist attraction.
Hard Rock Park was projected to bring 30,000 visitors a day in the high season and around 3 million for the full year, however the park fell short of these claims. SafeHarbor projected the Bible Park would bring in 1.2 million visitors the first year of operations to increase with each following year.
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