When the coronavirus scare has ended and Big Kahuna’s Water &amp; Adventure Park is allowed to reopen, it will do so under new ownership.Apex Parks Group which purchased the park in 2014, has filed for Chapter 11 bankruptcy, and intends to sell the property. An auction originally scheduled for Friday has been moved to Monday, according to Laura Davis Jones, an attorney whose firm is conducting the auction. Bidding gets underway at 11 a.m. Eastern time in Delaware.Apex Parks Group “is pursuing a comprehensive financial restructuring aimed at reducing the company’s current debt and, ultimately, enhancing operations to continue to serve guests and communities for years to come,” a company news release said.Its intention is to sell to APX Acquisition Company LLC, which held much of the Apex Parks Group debt prior to its filing for bankruptcy in April.“The lenders will ... provide financing to support the company during the restructuring,” the release said.

<p>When the coronavirus scare has ended and Big Kahuna&rsquo;s Water &amp;amp; Adventure Park is allowed to reopen, it will do so under new ownership.Apex Parks Group which purchased the park in 2014, has filed for Chapter 11 bankruptcy, and intends to sell the property. An auction originally scheduled for Friday has been moved to Monday, according to Laura Davis Jones, an attorney whose firm is conducting the auction. Bidding gets underway at 11 a.m. Eastern time in Delaware.Apex Parks Group &ldquo;is pursuing a comprehensive financial restructuring aimed at reducing the company&rsquo;s current debt and, ultimately, enhancing operations to continue to serve guests and communities for years to come,&rdquo; a company news release said.Its intention is to sell to APX Acquisition Company LLC, which held much of the Apex Parks Group debt prior to its filing for bankruptcy in April.&ldquo;The lenders will ... provide financing to support the company during the restructuring,&rdquo; the release said.</p>

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