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The high hopes of building an Eloy rock-and-roll theme park alluring enough to rival Disneyland appear as outdated as vinyl records, eight-track players, and cassette tapes as the stagnant credit market has made raising initial investments impossible. Officials in the small city situated off the Interstate 10 haven't heard from the project's principal investors, Greg Sherman and Martin West, for the past two months. Even the last correspondence the city received from them began with "apologies for dropping off the face of the Earth."
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