Oh, no, it's legit, the folks that run the real estate management company are friends of the family. The current tenant has let the place fall to pieces from a business standpoint. The six or seven employees there are all family, it's not unusual to walk in to the lobby and see one of the off duty family members sitting there with shoes off, feet kicked up, talking on the phone. Real classy joint : )
People just don't go to the house at all because of the environment.
Problem is that the owner is absentee and is essentially just pulling money out. No marketing is done, EVER, I mean, not even a posting in the local paper with show times.
Landlord remodeled about a year ago, new seats, etc, and it's already in disrepair.
As for the rent, yes, the tenant pays, however, they are on a month to month lease right now, they won't sign a new one.
I think the bottom line is that the owner of the business has lost money for a couple years now, he's in his late 70's, and he just sees it as a small cashflow.
He has 7 others, and I'm told that they are all in the same shape. He pulls money out, but won't do anything in return.
I was chatting with the manager on duty the other night, and inquired as to their cleaning practices between shows. Get this, the theaters are cleaned twice a week, not daily, not between shows, twice a week. Now, just picture what ANY theater would look like that's cleaned twice a week lol