Coconut Grove Playhouse Won’t Fight State Takeover

by Isaac Benmergui, Esq on October 3, 2012

In a follow-up to our previous blog, In Thirty Days State Could Own Coconut Grove Playhouse, The board of the Coconut Grove Playhouse has decided it won’t fight the state’s takeover of the historic and closed landmark. The theatre closed suddenly in 2006.

Last month, the state sent the nonprofit board of the theatre a notice indicating that it intended to take over the debt-laden building after efforts by Miami-Dade Mayor Carlos Gimenez to settle outstanding claims against the structure had reached an impasse. The state must now decide how best to preserve the integrity of the historic structure while making much needed updates and repairs in order to generate some type of revenue from the building.

Another question remains as to how to settle claims against the theatre will be handled, including one from Gino Falsetto of the Aries Group, who asserts the theatre owes him $1.5 million.

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