The Times and Rosebud cinemas will close the first week of March after the lender foreclosed on the properties, according to a news release from the owner.It was sad, but not surprising, news. I, among many, have been repeatedly pointing out that when Walker took money out of the people's pockets to give to his campaign donors, the first reaction is to cut out the luxury items and niceties, like eating out or catching a movie.
The Times, 5906 W. Vliet St., Milwaukee, and Rosebud, 6823 W. North Ave., Wauwatosa, are two of a handful of independently owned cinemas left in the Milwaukee area. They were bought in 2007 by David Glazer, but their value plummeted after the real estate crash and Glazer was unable to refinance the loan, he said.
Fortunately, just as with the recall movement, it was shown that when people pull together, disaster can be avoided. The bank is going to allow the theaters to remain open under the management of their former owner until a buyer can be found.
No comments:
Post a Comment