Bankruptcy Judge Approves Sale of Hard Rock Park
by Christian Stegmaier
From The State:
A judge has approved the sale of Hard Rock Park to FPI MB Entertainment for $25 million.
The sale is scheduled to close no later than 5 p.m. Thursday.
Judge Kevin Carey called the price adequate and the process rigorous. “Anyone who wanted the opportunity to bid had it,” he said.
He overruled the objection of Coastal Entertainment, which objected to the sale of the park to FPI and bid $25.5 million. He said the company “comes to the court too little and too late.”
FPI has said it wants to reopen the park by Memorial Day.
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