Ridglea Theater Finally Sold?
The Westside building that houses the Ridglea Theater may have finally been sold. Ridglea co-owner Richard Van Zandt said, “I’ve heard they’re going to sign a contract on Monday.” The sale will allow the company that owns the building, R.K. Maulsby Family Trust, to pay off creditors. A Fort Worth bankruptcy judge recently ruled that the trust had until November to sell the property or face foreclosure. The alleged sale, Van Zandt said, won’t affect the concert venue. “I’ve had bands that have played here for 11 years calling me and asking me if we’re still open,” he said. “Yes!” At least four offers have been tendered over the past three years, forcing Van Zandt and co-owner Wesley Hathaway to ward off unremitting rumors of the Ridglea’s demise.
Though he’s not sure who the potential new owners are, Van Zandt hopes they will be more involved in supporting their tenants, including the Ridglea. “I’ll keep my fingers crossed,” he said.