Recent Comments

Recent Posts

Categories

Archives

Meta

Hard Rock Park / Freestyle Music Park, US 501 at Myrtle Beach: 2 Jan 2009   15 comments

Well, given the events of last Friday, I suppose it's time to do a closing on South Carolina's biggest white elephant. That's the date that Hard Rock Park "chose" to move from Chapter 11 reorganization to Chapter 7 liquidation. Why?

The park, which said it was worth $400 million when it opened in April, was unable to attract any bidders willing to pay at least $35 million for the park at a Dec. 15 auction, according to court documents.

I find that amazing, even with all the other financial beef-wittery that has come to light lately. The Sun News's stories on the park are filled with comments from the locals to the effect that they could have told the owners what was going to happen, although it also appears that many people did tell them. One of the articles (which I don't have a link to right now) detailed the park's origins: Apparently the pitchmen were thrown for a loop when they were told that the Hard Rock empire was approachable for branding the rock-and-roll park they were pitching. The problem was that they weren't pitching a rock-and-roll park, but a "standard" amusement park, and weren't planning to pitch to Hard Rock, but they brainstormed some rock-related ride names on a lunch napkin and sold the concept. That's the kind of story that becomes a legend if a venture succeeds, and a cautionary tale if it doesn't...

In the event it seemed that the owners were better at promoting to corporations than to tourists, and aside from the unforseeable blunder of trying to launch a venture in the annus horribilis of 2008, they priced tickets too high ($50 + $10 parking), didn't advertise, and didn't promote with local hotels.

I had two chances to visit the park. The first was on the Fourth of July 2008, when I was taking pictures of Waccamaw Pottery. As I was standing in the parking lot, I could see the Led Zeppelin roller-coaster running in the distance, but it was about lunch time, and after that, I ended of taking a helicopter ride over the beach instead. I also had a week to myself at the beach in August, and thought about taking in the park then, but it was hot, I didn't feel like getting on 501 in tourist season, and I figured it would be better in October, but that was not to be as the doors closed in September.

Oh well, it's only rock and roll!

UPDATE: Here's a link from commenter "Beach Guy" that has the origin details I mentioned.

UPDATE 19 Feb 2009: Son of a gun! Somebody bought the thing and is going to run it!

UPDATE 29 March 2010: Well, the above UPDATE was for Freestyle Music Park which I have just added to the post title and which apparently will manage just one year of operation as well. The news today is not good..

UPDATE 23 Sep 2010: Well this has been an ongoing saga, but the short story is that Freestyle never re-opened, and was foreclosed upon earlier this year. This has led to a lot of legal wrangling as different creditors jockey for position. As of now, the park is still intact (and still quixotically seeking investors), but that may change soon.

Some creditors are now accusing the park owners of being crooks instead of just inept:


MYRTLE BEACH, S.C. -- Businesses owed money by the owners of a failed Myrtle Beach amusement park have accused a mortgage holder of fraud in court filings.

The Sun News of Myrtle Beach reported Saturday that four companies challenging a foreclosure lawsuit filed responses in court saying the mortgage holder and the owner of Freestyle Music Park are actually the same entity.

"We think that there was an element of fraud involved in establishing the mortgage in the first place," said Audra Byrd, an attorney representing Brandon Advertising Inc. in Myrtle Beach. "We think it was created to shield the company from having to pay its creditors."

In addition, one creditor has claimed that since its property is uninsured and unsecured in the face of possible hurricanes, it should get to remove it *now*:


An Horry County judge has granted one of Freestyle Music Park's creditors the right to reclaim property that sits inside the shuttered park, according to court documents.

VenCore Solutions requested an order to take immediate possession of the items, stating that the property was in immediate danger of destruction.

The Oregon-based company had leased a wide variety of items to Freestyle, from shelving units to radios.

The lawyer for FPI MB Entertainment, Freestyle's owner, wrote a letter to VenCore confirming that the property "is currently uninsured and not subject to a hurricane contingency plan," according to an affidavit from James Paul Johnson, VenCore's Chief Operating Officer.

The judge granted the order on Sept. 8.

The second link also has a nice timeline of the park's recent woes.

UPDATE 4 Aug 2011: Hope springs eternal -- the Sun News reports the park's mortgage holder has taken possession and wants to reopen the park. Somehow.

Written by ted on January 6th, 2009

Tagged with , , , , ,

15 Responses to 'Hard Rock Park / Freestyle Music Park, US 501 at Myrtle Beach: 2 Jan 2009'

Subscribe to comments with RSS

  1. While visiting in-laws at the beach two weeks ago I read a Sun News article which cited some "expert" who said he thought the third owner of the park would be the one to make money. He argued the first one would lose their shirt, the second one would buy it cheap then spend millions in upgrades before being able to sell it for a profit. Then the tird one would come in, buy it for less than it cost the first one to build it, and reap the financial rewards.

    Guess there won't be a number 2 or 3 now.

    Tom

    6 Jan 09 at 7:05 am

  2. Here's the link to the article you both are talking about:
    http://www.myrtlebeachonline.com/business/story/708042.html

    Beach guy

    6 Jan 09 at 7:48 am

  3. There is something incredibly sad about a closed amusement park. To me it's a perfect visual for "Broken dreams."

    I was involved (just a little) in the pre-opening hype, and they completely convinced me that Hard Rock Park was going to be the best thing in Myrtle Beach since the Atlantic Ocean. Can't believe they shut down so fast.

    SC Economic Developers' Association was a client of mine -- here's a link to the story my partner and I published about all this back when everything looked rosy:
    http://www.sceda.org/documents/Prospectssummer2008.pdf

    Oh, and ted, the phrase "beef wittery" gets an astonishing Google score of just 2!

    Dennis

    6 Jan 09 at 8:23 am

  4. I hate to see amusement parks close. Hey remember the old Magic Harbor in surfside?

    Mr Bill

    6 Jan 09 at 11:44 am

  5. Hmm. I think beef wittery is more popular on Usenet.

    I do remember Magic Harbor. In fact, somewhere I've got pictures of the ruins (gone now), but that was pre-digital -- I'll find and digitize them someday. I had a bunch of MH lapel pins I found back in there, and they sat in my trunk for a year before I decided I was going to prick my finger on a rusty one one day and threw them all out.

    And before MH, it was Pirate Land!

    ted

    6 Jan 09 at 11:50 am

  6. yeah I found a couple of sites about it. Just do a google search for magic harbor and you should be able to find a few.

    Mr Bill

    6 Jan 09 at 12:12 pm

  7. Bill C.

    10 Feb 09 at 12:21 am

  8. Interesting -- doesn't mention "Pirate Land" at all.

    ted

    10 Feb 09 at 12:35 am

  9. I was in Myrtle Beach a few weeks ago; a big story around town was that the former Hard Rock Park was reopening as the "Free Style Music Park"

    http://freestylemusicpark.com/blog/

    Swampy Bob

    6 Jun 09 at 1:33 am

  10. I ran the "Corkscrew" in '75 at Magic Harbor. Seems like it was close to Surfside? Anyway, I never had more fun at a summer job in my life!

    M Hanley

    10 Sep 09 at 6:47 pm

  11. Yeah, Magic Harbor was on US-17 north of 544 and south of Myrtle Beach State Park. It was by the Priate Land campground. In fact, the whole operation was once Pirate Land. The campground kept the name after the amusment park part changed hands. That can't have been too long before 1975..

    ted

    10 Sep 09 at 9:56 pm

  12. M Hanley - I worked at Magic Harbor in the summer of 1975 too! My brother worked there too on the flume/log water ride and I worked at the Dolphin show and Magic Show. My Dad was one of the executive managers. That was a great summer. We had so much fun. The park had been renovated and its a shame the bank called in the loan and it closed again. They had great hopes for expansion and making it a wonderful park for families. If you want to email me its heathmc1@aol.com

    Candace

    20 Nov 09 at 4:45 pm

  13. I went to Myrtle Beach this weekend and stayed at the Clarion. It was close by the Freestyle Park. I always wondered what that was. So know I know! :-)

    Alicia

    7 Aug 12 at 12:59 pm

  14. I've got new pix I need to upload. Soon, hopefully..

    ted

    7 Aug 12 at 11:57 pm

  15. ted

    12 Nov 13 at 8:55 pm

Leave a Reply

Tags

Recently Updated Posts

Blogroll