Hall of Fame Faces Waterpark Lease Default Crisis

The latest update is out from Hall of Fame Resort & Entertainment ( (HOFV) ).

HOF Village Waterpark, a subsidiary of Hall of Fame Resort & Entertainment Company, faces a financial hurdle with a $2.6 million payment default on its waterpark ground lease, leading to a notice of termination by the landlord. The company’s liquidity is strained, and discussions with IRG regarding a buyout proposal are ongoing. Potential remedies by the landlord and other financial uncertainties loom, adding pressure on the company’s future operations.

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