Hard Rock Park files for Chapter 7 bankruptcy
Posted
After failing to find a buyer, Hard Rock Park asked a Delaware bankruptcy court today for permission to liquidate, signaling once and for all that it will not be able to reopen.
The park asked the court to convert its bankruptcy from a Chapter 11 to Chapter 7. Under a Chapter 11 bankruptcy, a business can continue operating while it tries to reorganize its debts, but under a Chapter 7, a trustee is appointed and the property and assets are sold off to pay creditors, according to the U.S. Department of Justice.
Read more from The Sun News.
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In response to the comment about Bonfante Gardens, it was actually pretty well developed before opening to the public as a fill-fledged park. The gardens were there and the place served as company picnic facilities for the Nob Hill grocery store (Bonfante's chain) employees. I think they even had some small rides in place before it was ever opened to the public.
Yah, in terms of opening large parks, it hasn't been like the 70's since...well, the 70's.
Lego(s)land California has been doing well and hasn't been on the scene all that long. But marketing, population base, and an area that is a pretty big tourist destination didn't hurt.
The link at the begining of the thread is no longer working.
Here's an active link:
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