Hard Rock Park buyer pulled out hours before signing

Posted Sunday, February 1, 2009 11:51 PM | Contributed by T Van

A Texas-based company was lined up to buy the $400 million theme park for $35 million, but the deal fell through at 4 a.m. on Dec. 30, the date of a scheduled court hearing, according to transcripts from that day's proceedings. That company, Marlin Atlantis, a Dallas-based real-estate developer, is looking to branch out into entertainment with experienced partners, and remains interested in Hard Rock Park, a spokesman said. On the night before the hearing, the company was poised to buy the park and to help with an additional multimillion-dollar loan to pay for administrative expenses through March.

Read more from The Sun News.

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Monday, February 2, 2009 2:11 PM

Is the deal (any deal) contingent on the new company reopening the park. Wouldn't the assets alone (the ride collection) be worth more than $35 million?

"Like new" attractions would be an incentive, wouldn't they?

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