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The company that holds the mortgage on an abandoned theme park in Myrtle Beach has purchased it out of foreclosure.
UNCW students are getting down to business. Wednesday, executives gave them the inside scoop about the business world. Students were able to ask questions and hear about ways to jump-start their business careers once they graduate.
Attorneys say they have been concentrating so hard on finding a buyer, that they haven't been able to review the other legal actions against the facility.
Documents filed in bankruptcy court show bidders must show they can meet the minimum $35 million price with ten percent as cash, and prove they can run the business.
A bankruptcy judge in Delaware said Hard Rock Park in Myrtle Beach can borrow $1,000,000 to pay workers. This comes after the park's owner filed for Chapter 11 bankruptcy earlier this month.
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.