Freestyle owners ‘need more time’
Freestyle Music Park owner FPI Entertainment has asked a US judge for more time to pay off the $570,000 it acquired following the purchase of Hard Rock Park last year.
In court documents filed this week, Freestyle’s attorney said the park has always intended to pay off the outstanding debt, but FPI had been unable to make the payments due to difficult trading conditions brought about by the weak economy.
FPI bought the former Hard Rock Park out of bankruptcy last year for $25m. It re-branded the 220,000sq.m park, created a children’s section and added new rides.