Rock n' Roll may never die, but Hard Rock Park just might

The re-opening of Myrtle Beach's spectacularly failed $400 million Hard Rock Park is in danger.

The bankrupt amusement park found a buyer this winter, which got it for a song: $25 million. Maybe that price was too good to be true. Now that the sale has mostly gone through and the attraction looked like it stood a chance of resuscitation, the park's former CEO, Steven Goodwin, has filed papers demanding a $500,000 royalty fee every year, plus 1.5% of revenues, for the use of the Hard Rock name. He says the Hard Rock name and design is his intellectual property.