| Theater |

Coconut Grove Playhouse Settlement Delayed Again Over Debts Between Board and Creditor

Keep New Times Free
I Support
  • Local
  • Community
  • Journalism
  • logo

Support the independent voice of Miami and help keep the future of New Times free.

If you're going to lend hundreds of thousands of dollars to someone, you think you'd at least keep a receipt.

But disputes over who owes what to whom are the latest roadblock in the Coconut Grove Playhouse settlement, according to the Miami Herald. Development group Aries claims they've given over $2 million to the playhouse's board of directors, while the board contends that Aries owes it more than $900,000 in unpaid rent.

Neither side seems willing to budge -- and that likely means an even longer wait for the Coconut Grove residents who staged a "Give It Back" protest in support of reviving the playhouse earlier this month.

As we reported earlier, the playhouse has sat empty in a state of limbo since its board closed it in 2007. According to a deed restriction, the state of Florida has the authority to reclaim the property from the board, because it's no longer being used for theatrical productions. But the debt associated with the property is so high that nobody -- not the state, not Miami-Dade county, and not any private investors -- is willing to shoulder it.

County Mayor Carlos Gimenez, in an effort to settle a portion of that debt, offered Aries $250,000 as a settlement. Aries rejected the deal.

So, what now? Aries is drawing up documentation of its playhouse-related expenditures; the county can't say for sure whether it'll be able to increase its offer; and the playhouse itself is, well, in pretty much the same position it's been in for the past six years: empty, run-down, and without much hope of recovery.

Follow Cultist on Facebook and Twitter @CultistMiami.

Keep Miami New Times Free... Since we started Miami New Times, it has been defined as the free, independent voice of Miami, and we would like to keep it that way. Offering our readers free access to incisive coverage of local news, food and culture. Producing stories on everything from political scandals to the hottest new bands, with gutsy reporting, stylish writing, and staffers who've won everything from the Society of Professional Journalists' Sigma Delta Chi feature-writing award to the Casey Medal for Meritorious Journalism. But with local journalism's existence under siege and advertising revenue setbacks having a larger impact, it is important now more than ever for us to rally support behind funding our local journalism. You can help by participating in our "I Support" membership program, allowing us to keep covering Miami with no paywalls.

We use cookies to collect and analyze information on site performance and usage, and to enhance and customize content and advertisements. By clicking 'X' or continuing to use the site, you agree to allow cookies to be placed. To find out more, visit our cookies policy and our privacy policy.


Join the New Times community and help support independent local journalism in Miami.


Join the New Times community and help support independent local journalism in Miami.