Comments on: A Lesson In Bad Timing http://lolfed.com/2009/01/03/a-lesson-in-bad-timing/ Financial Humor, Political Jokes and LOLCats Sat, 28 Jan 2012 21:03:33 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Jasonhttp://lolfed.com/2009/01/03/a-lesson-in-bad-timing/#comment-1476 Jason Tue, 06 Jan 2009 11:11:02 +0000 http://lolfed.com/?p=2131#comment-1476 It amuses me greatly that that article used Waccamaw Pottery as a locating landmark, since Waccamaw also closed...in 2001. It amuses me greatly that that article used Waccamaw Pottery as a locating landmark, since Waccamaw also closed…in 2001.

]]> By: alyxhttp://lolfed.com/2009/01/03/a-lesson-in-bad-timing/#comment-1475 alyx Tue, 06 Jan 2009 05:11:39 +0000 http://lolfed.com/?p=2131#comment-1475 LOL. The lead investor had never even set foot in Myrtle Beach. "Lev Leviev, who will turn 51 years old Monday, is chairman and majority owner of Israel-based Africa Israel Investments Ltd. That company is a majority shareholder in Hard Rock Park, the $400 million rock-and-roll-themed park scheduled to open next spring near the former Waccamaw Pottery and Fantasy Harbour sites off U.S. 501. Rock and roll might seem a far cry from diamond mines, but Hard Rock Park fits perfectly with Leviev's strategy of diversifying into the American tourism and real estate sectors. Leviev ``identifies places with a lot of upscale potential, and he believes Myrtle Beach is one of the places to develop in the near future,'' Rotem Rosen, chief executive of Africa Israel's U.S. operations, said during the theme park's groundbreaking ceremony a year ago." Oh, and guess who else owns it: "It is now big enough that many pension funds and investment firms have bought the $255 million worth of bonds Hard Rock Park sold last year to help finance construction. ``If you have a 401(k) [retirement plan], you probably have a piece of this park,'' Goodwin said." http://www.myrtlebeachonline.com/679/story/163356.html LOL. The lead investor had never even set foot in Myrtle Beach.

“Lev Leviev, who will turn 51 years old Monday, is chairman and majority owner of Israel-based Africa Israel Investments Ltd. That company is a majority shareholder in Hard Rock Park, the $400 million rock-and-roll-themed park scheduled to open next spring near the former Waccamaw Pottery and Fantasy Harbour sites off U.S. 501. Rock and roll might seem a far cry from diamond mines, but Hard Rock Park fits perfectly with Leviev’s strategy of diversifying into the American tourism and real estate sectors.

Leviev “identifies places with a lot of upscale potential, and he believes Myrtle Beach is one of the places to develop in the near future,” Rotem Rosen, chief executive of Africa Israel’s U.S. operations, said during the theme park’s groundbreaking ceremony a year ago.”

Oh, and guess who else owns it:

“It is now big enough that many pension funds and investment firms have bought the $255 million worth of bonds Hard Rock Park sold last year to help finance construction.

“If you have a 401(k) [retirement plan], you probably have a piece of this park,” Goodwin said.”

http://www.myrtlebeachonline.com/679/story/163356.html

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