Hard Rock / Freestyle Music Park Discussion Thread

P. 300: Former park land sold for $3.5 million
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Re: The Hard Rock / Freestyle Music Park Discussion Thread

Postby Blind Idiot God » Tue Aug 24, 2010 8:30 am

Guy T. Koepp wrote:I still think the park is gonna re-open. ;)


In Bizarro world, maybe.

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Re: The Hard Rock / Freestyle Music Park Discussion Thread

Postby jynx242 » Tue Aug 24, 2010 9:02 am

Guy T. Koepp wrote:I still think the park is gonna re-open. ;)


Guy - have you been trying to re-create Nights in White Satin at home??? :devil:
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Re: The Hard Rock / Freestyle Music Park Discussion Thread

Postby Guy T. Koepp » Tue Aug 24, 2010 9:12 am

^As much as possible! :lmao:
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Re: The Hard Rock / Freestyle Music Park Discussion Thread

Postby robbalvey » Tue Aug 24, 2010 9:37 am

bgwfreak777 wrote:I really don't get the love for Nights in white satin. It wasn't that good a ride to me, and one of the problems was the way the screens would just end and then you'd have a blank wall or whatever.

What made people like Nights in White Satin wasn't that it was a good ride, but the fact that it got made in the first place. I mean, I'm just picturing a bunch of guys out drinking one night and someone goes "We should make a dark ride based on our best acid trip memories" and they keep talking about it, and joking about it, and then OMG the ride ACTUALLY GOT PRODUCED!

That would be like me joking around with friends about a "Debbie Does Dallas" dark ride and then in some sort of weird sequence of events, the ride gets made!

It wasn't a great dark ride by any means, and when the only real family ride the park had was based on an acid trip you know it's a real miss, but the subject matter just made you go WTF!!!

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Re: The Hard Rock / Freestyle Music Park Discussion Thread

Postby BeemerBoy » Tue Aug 24, 2010 10:02 am

robbalvey wrote:That would be like me joking around with friends about a "Debbie Does Dallas" dark ride and then in some sort of weird sequence of events, the ride gets made!

Looks like we have TPRLand's first dark ride.

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Re: The Hard Rock / Freestyle Music Park Discussion Thread

Postby cfc » Tue Aug 24, 2010 10:06 am

And let's not forget the ice show themed to a bunch of redneck guys and gals in tight clothes doing shots of Jack Daniel's and tequila in a roadhouse.
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Re: The Hard Rock / Freestyle Music Park Discussion Thread

Postby bgwfreak777 » Tue Aug 24, 2010 10:18 am

Yes, who could forgot the classy number "Save a horse, ride a cowboy". :lol:

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Re: The Hard Rock / Freestyle Music Park Discussion Thread

Postby jedimaster1227 » Tue Aug 24, 2010 1:49 pm

http://www.thesunnews.com/2010/08/24/1653381/freestyle-board-resigned-following.html

The majority of Freestyle Music Park's board of directors have stepped down in the wake of a foreclosure suit against the park, former president Steve Baker said in an interview today.

A single member, appointed by the park's Russian investors, stayed on the board and continues to try to sell the park, said Baker, who also resigned. All other members of FPI MB Entertainment LLC, the park's owner, resigned after the park's mortgage holder, FPI US LLC, filed a foreclosure suit on Aug. 5, he said. Baker said he could not confirm the identity of the remaining board member with FPI MBE. The future of the park looks grim, Baker said. "I don’t think its dead…but I’m not real optimistic because I don’t think there’s anyone close to buying it," he said. Attorneys Nate Fata, representing FPI MBE, and David Slough, representing FPI US, could not be reached Tuesday afternoon.

The park failed twice in two years after lackluster seasons: First as Hard Rock Park in 2008, then as Freestyle in 2009. The park did not reopen for a 2010 season. The resignations leave Russian investors on both sides of the foreclosure suit. The mortgage holder, FPI US LLC, is a US division of MT Development, a Russian developer. FPI US formed a joint venture with MB Entertainment LLC to start the park under the name FPI MB Entertainment LLC, according to court documents, and appointed its own representative to the resulting company's board.

FPI MBE responded to the foreclosure suit Friday, admitting most of the claims against it, according to court documents. FPI MBE affirmed that it owes nearly $25 million on the park, is in default on its loans and is unable to pay the outstanding amount. "They're pretty much admitting a debt is owed and they're pretty much admitting there’s a mortgage and there’s going to be a foreclosure," said Joseph Wachter, an attorney not affiliated with either party. The response said that FPI MBE should not be responsible for its debt beyond what can be repaid if the property is auctioned off. That's the only claim FPI MBE denied outright with minor claims being denied due to lack of sufficient information, Wachter said. The response indicates a change in the legal approach for FPI MB Entertainment LLC, the park's owner, which has sporadically responded to lawsuits. Local and federal courts have issued at least eight rulings against FPI MB for failure to respond to lawsuits.

Baker and the board had been working to find a new buyer for the park prior to their resignations, he said. The foreclosure suit puts additional urgency on the park to find new investors and will make it more difficult to sell, he said. "The Myrtle Beach market can support a park, and I think that market can be attractive," Baker said. "But I think time is not on the investors' side."
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Re: The Hard Rock / Freestyle Music Park Discussion Thread

Postby jedimaster1227 » Tue Sep 07, 2010 11:32 am

http://www.wmbfnews.com/Global/story.asp?S=13110922

Nearly a month after a foreclosure lawsuit was filed against Freestyle Music Park and its parent company, more than a dozen former department heads have sued seeking more than $232,000 in unpaid wages and bonuses, according to court papers filed late Friday.

Seventeen employees are listed as plaintiffs, including John Stine, the theme park's former director of sales and marketing and chief park spokesman.

The suit also seeks legal fees, court costs and actual damages "up to three times the amount of compensation due."

According to the suit, FPI MB Entertainment owes the employees $90,347.77 in unpaid salaries and $142,206.24 in bonuses, or $232,554.01 altogether. Three times that amount is $697,662.03.

The bonuses are part of each employee's contract and are payable upon termination, with or without cause, the suit says.

"During the term of their employment, the Plaintiffs were successful in earning monies under the terms of the bonus structure," the suit says. "The Defendant has failed to pay any of the money due to the Defendants under the bonus structure that they set out when the Plaintiffs were hired."
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Re: The Hard Rock / Freestyle Music Park Discussion Thread

Postby Chroniq » Tue Sep 07, 2010 12:12 pm

jedimaster1227 wrote:"During the term of their employment, the Plaintiffs were successful in earning monies under the terms of the bonus structure," the suit says. "The Defendant has failed to pay any of the money due to the Defendants under the bonus structure that they set out when the Plaintiffs were hired."



Slightly off topic and I'm quoting the article not Adam (who I'll thank tremendously for all his news posts). This, my friends, is how you fail at business 101. You implement a bonus structure that is not based on the fiscal health of the business and simply on one (or a group of) employee's performance.....

Hypothetical Situation A-
The General Manager, Marketing Head, COO, of the park is required to hit a certain attendance mark to recieve his bonus. In an effort to boost attendance numbers they give away the gate (charge nothing to get in- say $17.76 or whatever it was). The park fails because of its cash flow issues and you sue because you didn't get your attendance bonus.. Ironic? Wrong? You decide.


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