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closeGot $3.5 million?
That's enough for a minimum down payment on the $400 million Hard Rock Park, which will go up for auction on Dec. 15, according to court documents filed this week.
The 55-acre park, which opened in April and closed in Chapter 11 bankruptcy in September, is looking to sell off its assets - either in whole or part by part - and is accepting bids up until Dec. 12.
Complete coverage of Hard Rock Park and a database of the people and companies who are owed money as unsecured creditorsQualified bidders must show they can meet the minimum $35 million price, put up 10 percent of that as cash, and prove they have enough money and experience to run the business, according to court documents filed in Delaware bankruptcy court.
A spokesman for Hard Rock Park did not return requests for comment.
Whether the park's future owners will stick with the Hard Rock theme is still unclear.
The park licensed the brand name from the cafe company for at least $2.5 million a year, according to court documents filed by creditor Deutsche Bank Trust Company Americas. But Hard Rock International has not yet determined whether it will allow the park's new owner to renew the agreement, court documents show.
Read the full story in Saturday's edition of The Sun News.
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