Plans for a Hard Rock-themed amusement park were released in 2003, but at the time funding and licensing agreements had yet to be finalized. AVX Corporation CEO Dick Rosen and other investors including Ziel Feldman and Safe Harbor Capital Partners managing partner Amnon Bar-Tur created two companies. Myrtle Property Owners I, which invested in the proposed theme park and Myrtle Property Owners II which bought land from Rosen with the intent to build a hotel along the Intracoastal Waterway in October 2005. A feasibility study predicted 3 million visitors a year in the park's first year, with growth of nine percent the second year and decreasing growth rates after that.