Freestyle Music Park's website has gone offline as the park's management continue to seek investment to enable it to open for the 2010 season.
The FreestyleMusicPark.com website has been down for over 24 hours, which is perhaps unsurprising given that the park laid off its permanent employees earlier this week. There are currently no firm plans for Freestyle Music Park to open in 2010, and therefore the website serves little purpose other than as a source of corporate news.
Management of the park in Myrtle Beach, South Carolina are seeking new investment in order to save the business, and hope to complete a deal "within days". With no permanent staff to prepare the park and associated marketing campaigns for the 2010 season, the owners face a race against time to sign up financial backers and reassure them that the park will generate revenue this year.
If a deal can be agreed, the owners intend to rehire employees, settle debts and announce plans for 2010 as soon as possible. A number of suppliers have already filed lawsuits against the park seeking payment of debts, with the park admitting on Monday that further investment will be needed to enable it pay off those suppliers.
Freestyle Music Park has struggled to stay afloat since opening in April 2008 under the Hard Rock Park name. Visitor numbers fell well short of the owner's 3 million target and the park was forced to file for Chapter 11 bankruptcy protection, closing its gates in September 2008. It was then picked up by FPI MB Entertainment for just $25 million, having cost a reported $400 million to build. It reopened for the 2009 season under the Freestyle Music Park name, but has continued to be plagued by poor attendance figures and financial problems.