City aims to oust Capitol trustee

posted by steelbeard1 on July 11, 2007 at 7:45 am

WINDSOR, ONTARIO, CANADA — The city of Windsor, embroiled in a dispute with bankruptcy trustee Stephen Funtig, is seeking his removal as trustee of the closed Capitol Theatre. The city also wishes to remove former city clerk Tom Lynd as one of the creditors directing Funtig claiming conflict of interest.

The theatre closed last March and the city is accusing Funtig of failing to negotiate an agreement on the theatre’s fate in a timely fashion.

It is the latest salvo fired in the ongoing saga of the bankrupt theatre which has has remained closed since March, mired in a dispute over its debts and its fate.

City authorities maintain $1.8 million loaned to the theatre in the mid-1990s gives the city rights to the building following the recent bankruptcy.

More details are available from the Windsor Star.

At a meeting held July 9 at Artcite gallery inside the Capitol Theatre building, Funtig stated that he will not step aside as trustee. The meeting was held by the newly formed Citizens for the Capitol Theatre which was organized to keep the theatre alive. More details from the Windsor Star.

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