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.
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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