Capitol Theater Manager says Debt Forced Sale | Families
The historic Cox Capitol Theatre, 382 Second St., in downtown Macon is on the market.
Real estate agent Stephanie Folsom said that price includes all of the furniture and fixtures.
The theater remains fully operational while it's on the market, Folsom said.
Chad Evans and Wes Griffith, owners of downtown's Rookery and Dovetail restaurants, recently took over operational duties at the theater. Griffith was on the theater's original board, left and came back as president.
Griffith told 13WMAZ that the theater is in debt and their creditor bank forced them to put it up for sale or they would take the theater and sell it themselves.
He said he recently got involved in running the theater because the previous management was not very effective.
"Due to some of the recent troubles that the theater's been facing financially, I decided to step back in. Me and a couple of the other original board members wanted to step in and take the bull by the horns to see what we could do with this situation," said Griffith.
"We looked for some new operators, and we had one that decided not to sign a lease...Instead of letting the theater shut down, the board unanimously agreed with my experience as a restaurant operator that I should come in here and run it temporarily," he added.
Since managing it, Griffith has been trying to stabilize operations, improve customer experience and get the books straight.
He said, "I'm just trying to keep the doors open."
If someone does not buy the theater, he hopes the board can work out a deal with the bank, then allowing him to transition off the board and maintain his role of operator.