Capitol Theatre may file for bankruptcy
WINDSOR, CANADA — The Capitol Theatre and Arts Centre is on the verge of bankruptcy. It postponed bankruptcy filing Friday while waiting for word on a bail-out loan from the city of Windsor.
The Capitol Theatre on Friday postponed signing of bankruptcy papers after the city held off on a promised bail-out loan.
“We’re not trying to buy time so much as we’re trying to give the city a chance to formally reply to us,” said a frustrated Tom Lynd, the Capitol’s acting general manager.
More details from The Windsor Star.