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Hard Rock Park bankruptcy

The Hard Rock Park has not even been open for a year, but its doors are already closing. The owner of the Myrtle Beach amusement park filed for Chapter 11 bankruptcy protection Wednesday. When it opened in April, park officials planned to stay open through “Rocktoberfest”, and even planned to have some programs during the Christmas season. The $400 million park was possibly the largest investment ever in South Carolina tourism. It turns out that the park did not have enough money for promotions when it opened in April. A bankruptcy judge will decide what will happen to people who hold annual passes and other tickets. The park, which included rock-n-roll themed roller coasters, plans to reopen in 2009.

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