State The­atre auc­tion is post­poned

Rappahannock News - - COURTHOUSE ROW • FROM PAGE ONE - By Jeff Say Culpeper Times

The auc­tion for the fore­clo­sure of the State The­atre set for Wed­nes­day was post­poned. Ac­cord­ing to Paul S. (Chip) Bliley Jr., at­tor­ney for law firm Wil­liams Mullen, the auc­tion was can­celled late Tues­day.

“Per our dis­cus­sion the fore­clo­sure sale sched­uled for Wed­nes­day will be can­celled,” Bliley said. “I will ap­pear at the court­house on Wed­nes­day and ad­vise any­one there the sale is be­ing post­poned. In all like­li­hood it will be resched­uled in 45 days.”

The State The­atre has been shut­tered for al­most a year, and in­vestors were at­tempt­ing to col­lect on the debt they were owed.

In­vestors from Rap­pa­han­nock County, iden­ti­fied only as Mel­bell, LLC., and an­other un­named couple were look­ing to re­coup $5 mil­lion they in­vested in the 500-seat the­atre.

Ac­cord­ing to Paige Read, Culpeper’s Di­rec­tor of Tourism, de­lays in auc­tions such as th­ese are com­mon.

“We can con­firm the State The­atre auc­tion is post­poned,” Read said Tues­day morn­ing.

She said the State The­atre Foun­da­tion and the town are still try­ing to find ways to move the project for­ward. Un­til it closed Sept. 14, 2016, the the­atre was led by a vol­un­teer board of di­rec­tors headed by Jerry Whit­lock (chair), Joseph Wills (vice chair), Gary Lee (trea­surer), Eliz­a­beth Hutchins (sec­re­tary), Alex Forte, Chris Hamil­ton, Don Haight, Mike Hud­son, Oc­tavia Yates, and Joe Grills (board ad­vi­sor).

Reached by phone Tues­day, Hutchins had no com­ment, as did Whit­lock, both ad­vis­ing to speak to Read.

Read said that ei­ther an al­ter­na­tive date will be re­vealed or a firm an­nounce­ment will be made within 45 days.

Bliley said that he hopes to meet peo­ple who are in­ter­ested in the prop­erty and will take their in­for­ma­tion for fu­ture ref­er­ence.

The Rap­pa­han­nock News re­ported last week that a Chicago-based his­toric the­atre prop­erty con­sul­tant was in­ter­ested in po­ten­tially try­ing to “save the place.”

“At this point it’s as likely to be resched­uled as it is to be re­solved,” Bliley said.

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