Africa Israel Investments and Polar International Real Estate Ltd. said on Sunday they raised $305 million to build the "Hard Rock Park" project, a music-themed amusement park, to be located in Myrtle Beach, South Carolina.
Africa Israel and Polar would each own 17 percent stakes. Other partners in the project include HFZ Capital Group, Safeharbor Holdings.
The 150-acre park will include 40 attractions and an amphitheater for live shows and cost a total of $370 to build.
Construction is expected to begin this summer and the park was expected to open in Spring 2008.