More financial questions arise about Canton’s Hall of Fame resort.

CANTON, Ohio – Hall of Fame Resort & Entertainment Co. has defaulted on land leases for an indoor water park the company is building at its 100-acre soccer-themed resort in Canton.

According to regulatory filings, Hall of Fame Resort (Nasdaq: HOFV) said it received a $2.6 million lease default notice on Oct. 26 from the owner of the Gameday Bay indoor water park, HFAKOH001 LLC, which is a subsidiary of the Chicago-based company. Oak. Street real estate in the capital. Under the terms of the land lease, Hall of Fame Resort subsidiary HOF Village Waterpark LLC is required to immediately transfer the water park to the lessor.

“Landlord’s exercise of certain remedies is expected to have a material adverse effect on the company’s liquidity, financial condition and results of operations,” Hall of Fame Resort said in a statement.

Read the full story on cleveland.com’s sister site, the Cleveland Business Journal.

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