Bank forecloses on Castle theater
posted by rmckkbov1 on February 6, 2007 at 12:36 pm
BLOOMINGTON, IL — The owner of the Castle Theatre owes Heartland Bank $793,299. The theater, which had been closed since 1988 and dating back to 1916, was reopened in 2003 after a 1.5 million dollar renovation.
Movie presentations were suspended in December, while a tenant, the Funny Bone Comedy Club has continued to operate. Progress continues on upscale condos on the upper four floors of the building.
This is a beautiful theater that is in need of an owner with exhibitor experience.