Tuesday, December 2, 2008

Maui Sands Water Park Closing

Maui Sands Indoor Waterpark Resort had to close their doors on Thanksgiving day due to financial problems - representing another failure in what has been a rough year for the industry with park closings.

To be fair, though, the Maui Sands project seemed iffy from the start and was located in the already full Sandusky, OH waterpark market. Reports are that over 100 people are now jobless, and without paychecks. There was no official forewarning that a closure was coming, though news broke some time ago that liens were being filed against the property for unpaid bills.

The resort officially plans to reopen in May, and is trying to avoid full bankruptcy by obtaining addition investors. I say good luck in today's investing climate.

The resort opened in June of this year but the hotel portion was not totally complete at that point. The Hawaiian Cabana Village, full of amenities, entertainment, etc, was slated to open then but never did.