Freestyle Music Park Welcomes New Investors
By Michelle Canty
Freestyle Music Park announced today that it has a signed Memorandum of Understanding (MOU) between FPI MB Entertainment, LLC (FPI MBE) and new investors.
According to Freestyle Music Park’s President Steve Baker, with the exception of some improvements, there are no plans for any changes to the park at this time. Baker added that the park’s management had been in negotiations with the potential investors for several weeks.
“This is positive news for the park and the Grand Strand community. We appreciate everyone who worked with us throughout our first season. In my view, this investment solidifies the long-term future of the park,” stated Baker. “The MOU requires all existing financial obligations must be satisfied prior to the closing of the transaction, which is planned for December.”
Baker noted that this is the first year that the park has operated year-round and cited two examples of behind the scenes work that will be done to prepare the park for opening in 2010. During the winter, state and manufacturer mandated maintenance will be done on the rides and throughout the park. Marketing and sales initiatives are underway in preparation for reopening this spring. He added that the park may incur some additional seasonal layoffs, which are typical in the theme park industry, but that these are expected to be brief.
At this time, plans call for Freestyle Music Park to reopen in spring 2010.
About Freestyle Music Park
Owned and operated by FPI MB Entertainment, LLC (FPI MBE), Freestyle Music Park is a 55-acre theme park which opened in May 2009 in Myrtle Beach, South Carolina.
The world-wide destination for the celebration of music, Freestyle Music Park has more than 50 attractions for fans of all ages. These attractions include roller coasters, rides, shows, children’s play areas, restaurants, cafés, retail stores, a multi-purpose live music amphitheatre and a park-wide sound system, which creates an all-encompassing, rich family-fun experience.
For more information on Freestyle Music Park, call (843) 236-7625 or visit FreestyleMusicPark.com.
