I bet Wayne and Garth are stoked by the news that the Hard Rock park found a new sucker buyer. Swinggg!!! Man, must be bad 80's reference day or something...
According to the asset purchase agreement, the price will go down $1 million if the sale isn't completed by Feb. 20 and will continue to drop $50,000 for each day after Feb. 20 until the sale is closed.
The new buyers are hoping to reopen the park quickly. The reason for the quick sale, according to the court documents, is that the buyers are hoping to reopen the park's gates in a soft opening prior to Memorial Day -- with a full opening that weekend.
The sale must still be approved by the bankruptcy court at a sale approval hearing Feb. 17.
A soft opening.. wait, what!? Wasn't the whole problem with the initial park opening that nobody new about the darn place? Why in the world would you do the same thing again? Oh yea, this can't go wrong. Party on HR Park, Party on new HR buyers!
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