The Freestyle Music Park in Myrtle Beach, South Carolina, US, is about to reach its deadline to raise the funds it needs to pay off its debts.

Its owners, FPI MB Entertainment (FPI), have until Thursday (1 April) - when they must appear in a Delaware bankruptcy court - to pay off US$570,000 of inherited debt.

However, one of the firm’s attorneys has said that unless new investors get involved, it will not be able to and the park will stay shut as a result.

The 55-acre theme park, which opened in April 2008 as Hard Rock Park, was acquired and renamed by FPI for US$25m after its former owners filed for Chapter 7 bankruptcy.

However, as previously reported in Leisure Opportunities, those former owners - Myrtle Beach Operations, who designed and built the park – asked FPI to pay its US$570,000 in outstanding debt back in January. FPI was granted an extension at the time and granted another in February by the court.