September 25, 2008

S.C.'s Hard Rock Park files for bankruptcy

The owner of the Myrtle Beach amusement park filed for Chapter 11 bankruptcy protection Wednesday, ending an inaugural season that fell far below projections for the 55-acre, $400 million rock 'n' roll attraction. When it opened in April, park officials planned to stay open through what it called "rocktoberfest" and even have some programs during the Christmas season.

The park, which included roller coasters based on Led Zeppelin's classic "Whole Lotta Love" and the Eagles' "Life in the Fast Lane," plans to reopen in 2009, park spokesman Jim Olecki.

The park will keep 75 workers through the offseason. It had 2,000 employees at its peak, Olecki said.

The attraction never had enough money for promotion when it opened in April and the worsening credit crisis made it impossible to raise more, Olecki said.

Continue reading complete story at USATODAY.com

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