Looks like a 3rd bidder is trying to join the battle for control of Hard Rock Park. According to The Sun News, the 3rd bidder is Coastal Entertainment LLC and they have filed a complaint with the court to postpone the sale of the park so they can have time to make an offer. They have stated they can pay upfront and require no financing to complete the purchase.
In another update to the story, it looks like the inclusion of the 3rd bidder might force the courts to put the park up for auction and let it go to the highest offer. It looks like the 2nd bidder hasn’t been mentioned yet, just FPI and Coastal Entertainment. Coastal Entertainment offered half a million dollars more in bidding this morning.
It also looks like FPI will want to keep the Hard Rock branding if possible, while Coastal Entertainment would not. At $2.5 million just to use the Hard Rock name, I can’t blame Coastal.
