Hard Rock Park up for auction

Hard Rock Park is being auctioned off after a very short life. The park opened in April of 2008 and never quite met the attendance numbers expected of it. The parent company, Hard Rock International, has offered to sell the property in an auction format after the park filed for Chapter 11 Bankruptcy Protection in September.

The court has stipulated that qualified bidders must meet the minimum asking price of $35 million and put 10% down in cash. Participating bidders must also be able to show that they have the experience required to run a business. Several companies have already toured the park and some are said to be interested in taking part in the auction, but no names have been released

Bids are being accepted until Dec. 11 and the auction begins Dec. 15. The winning company will be allowed to continue the use of the Hard Rock Park name if the park is kept operational.