Freesetyle Music Park plans to pay its bills by January

Posted Wednesday, December 9, 2009 11:48 AM | Contributed by Jeff

Freestyle Music Park expects that by mid-January it will be able to pay vendors, musicians and business owners who have grown impatient as they've waited months for their money. The memorandum of understanding the park's owners signed with investors in October stated that the closing of the deal will take place between Dec. 15 and Jan. 15, said Steve Baker, president of FPI MB Entertainment, which owns the park. Part of the agreement with its new investors stated the collected debts must be paid by the time of closing.

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