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Hard Rock Park auction underway
Hard Rock Park, the US$400m (£262.6m, 293.1m euro) theme park, has been put up for sale this week after an auction for the 55-acre (22.3-hectare) attraction got underway in New York, US.
Opened just eight months ago, the park's owners, HRP Myrtle Beach Holdings, filed for Chapter 11 bankruptcy protection in September and has been made available for a reported minimum price of US$35m (£23m, 25.7m euro). According to the Myrtle Beach Sun, the winning bidder is expected to be made public on 18 December, although doubts have been cast over whether the park, which boasts more than 50 rides and attractions, will be able to open in time for the 2009 season.
Chad Prosser, director of the South Carolina Department of Parks, Recreation and Tourism, told the newspaper: "Anyone coming in would have to reposition the park and market it. For all practical purposes, you're looking at 2010."
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