Banner
Home Forums Movie Theaters The Lobby theatre in Mo up for auction: no reserve
Welcome, Guest
Username: Password: Remember me
  • Page:
  • 1

TOPIC: theatre in Mo up for auction: no reserve

theatre in Mo up for auction: no reserve 13 Oct 2011 16:28 #37187

  • Mike
  • Mike's Avatar
  • OFFLINE
  • Administrator
  • Posts: 5048
  • Thank you received: 45
  • Karma: 15
Michael Hurley
Impresario
The administrator has disabled public write access.

Re: theatre in Mo up for auction: no reserve 13 Oct 2011 19:36 #37194

  • slapintheface
  • slapintheface's Avatar
  • OFFLINE
  • Platinum Boarder
  • Posts: 2438
  • Thank you received: 20
  • Karma: -49
Cute theater..
The administrator has disabled public write access.

Re: theatre in Mo up for auction: no reserve 14 Oct 2011 19:19 #37204

  • Ozzy
  • Ozzy's Avatar
Does anyone know what the asking price for the Princess Theater in Aurora, MO was before it went up for auction?

I am working on purchasing a theater here in central CA (well, I have been working on getting the owner to come down in price for over a year!) and am interested in finding our what costs are in other parts of the country. Also - with all of the gang problems that we have in our town it is sometimes tempting to move out of California. Does anyone know anything about Aurora, MO?

Thanks! I have been lurking around for about a year now and I really appreciate all of the information that is on this site!
The administrator has disabled public write access.

Re: theatre in Mo up for auction: no reserve 14 Nov 2011 01:53 #37391

  • rufusjack
  • rufusjack's Avatar
  • OFFLINE
  • Platinum Boarder
  • Posts: 1475
  • Thank you received: 33
  • Karma: -7
Anyone follow this? Heard a church bought it but I do not know how much.
The administrator has disabled public write access.

Re: theatre in Mo up for auction: no reserve 14 Nov 2011 04:39 #37394

  • rufusjack
  • rufusjack's Avatar
  • OFFLINE
  • Platinum Boarder
  • Posts: 1475
  • Thank you received: 33
  • Karma: -7
Here it is....I am feel for you folks trying to sell right now.

www.kspr.com/news/local/kspr-historic-au...1113,0,1659611.story

Historic Aurora, MO Theatre Sold at Auction for $27,000

The historic Princess 3 Theatre in Aurora has been sold to the highest bidder.

Church on the Rock in Aurora bought the theatre for $27,000 at an auction this weekend.

The pastor tells KSPR they plan on holding services there but also have plans to keep the theatre open for the community, possibly doing something with a local high school theater program.

The Princess opened in 1943, but the owner has been having health problems and needed to sell it.
The administrator has disabled public write access.

Re: theatre in Mo up for auction: no reserve 14 Nov 2011 04:55 #37395

  • slapintheface
  • slapintheface's Avatar
  • OFFLINE
  • Platinum Boarder
  • Posts: 2438
  • Thank you received: 20
  • Karma: -49
My God how cheap----
The administrator has disabled public write access.

Re: theatre in Mo up for auction: no reserve 14 Nov 2011 19:18 #37397

  • Mike
  • Mike's Avatar
  • OFFLINE
  • Administrator
  • Posts: 5048
  • Thank you received: 45
  • Karma: 15
I was told it was in tough shape
Michael Hurley
Impresario
The administrator has disabled public write access.

Re: theatre in Mo up for auction: no reserve 18 Nov 2011 09:14 #37409

  • rufusjack
  • rufusjack's Avatar
  • OFFLINE
  • Platinum Boarder
  • Posts: 1475
  • Thank you received: 33
  • Karma: -7
Any single screen without digital could be labeled in tough shape.

Plus there is an 8 screen theater within 15 mins.of this one.

And 30 mins to Springfield, MO (160,000 people with 3 mainstream theaters).
The administrator has disabled public write access.

Re: theatre in Mo up for auction: no reserve 28 Nov 2011 07:22 #37474

  • rufusjack
  • rufusjack's Avatar
  • OFFLINE
  • Platinum Boarder
  • Posts: 1475
  • Thank you received: 33
  • Karma: -7
Scooby says "rut row"!

www.kspr.com/news/local/kspr-sale-of-his...1127,0,6711072.story

Sale of Historic Ozarks Theater in Limbo
Undisclosed liens discovered with Princess Theatre property 10 days after auction

Looks like the future of the historic Princess 3 Theatre in Aurora, MO might not be known after all.

The property was sold at auction two weeks ago to a local church, but now undisclosed liens on the property have put the sale in limbo.

The buyer says he's disappointed and worried they'll never close the deal. Robert Mattingly says the future for the closed Princess 3 Theatre in Aurora is still bright.

"It opens up a whole lot of interest for us and what we can do," Mattingly says. "We'd like to have it available for high school productions. I'd like to see a Christian community theater started. We could bring my life to downtown."

That's why the Senior Pastor of Church on the Rock in Aurora purchased the theater at auction two weeks ago.

"We were able to walk away from there with a beautiful facility for $27,000," Mattingly recalls.

But now, the closing could be pushed back indefinitely.

"We're sitting in the not know right now. We're disappointed that this stuff wasn't disclosed up front," says Mattingly.

Mattingly says 10 days after his purchase, undisclosed liens were discovered against the property.

He says it was a surprise to him, the auction company, and title company.

"The day of the sale, the owners stood there and told myself and the auctioneers it had a free title on it," Mattingly states.

The lien amount is between $60,000 and $70,000, which far exceeds the amount Mattingly says the church is willing to pay for the property.

"It will need renovations and it will probably take $60,000 to $70,000 to get it back to where we want it to be. So obviously we can't spend that on it and have an unusable building," Mattingly states.

But despite the problem, he says he's staying positive and hopeful for the theater's future.

"We are excited about it and the possibility of keeping life in the town. We're hoping the lien holders will be working with us," Mattingly states.

Mattingly says the auction company and title company are contacting the lien holders to see if they will settle for what the church bid on it.

There are numerous lien holders so it could be a couple of weeks before an answer is known.

The seller, Tiffany Ruble, contacted us through email regarding these liens.

Ruble states the liens on the Princess were unknown to them.

She adds the family worked hard to keep the title clean and have been contacting the lien holders themselves to try and see if they will accept the amount the church paid for the property.
The administrator has disabled public write access.

Re: theatre in Mo up for auction: no reserve 29 Nov 2011 01:42 #37484

  • muviebuf
  • muviebuf's Avatar
  • OFFLINE
  • Platinum Boarder
  • Posts: 686
  • Thank you received: 1
  • Karma: 0
Re: Scooby rut row

Sounds like a lawsuit against the title company to me.

And I can hear the owners testifying already: "Gee whiz .... we didnt know we owed these creditors $70,000.00"
Last Edit: 29 Nov 2011 01:46 by muviebuf.
The administrator has disabled public write access.
  • Page:
  • 1
Time to create page: 0.175 seconds
attraction attraction
attraction
attraction
attraction
attraction