FOX 47 - Top Stories
MADISON- A county foreclosure posting lists the historic Orpheum
Theater for auction in just under a month.
It has to do with liens of thousands of dollars against
the property, but the owners tell News 3 the property won't go to sale.
The Paras family bought the Orpheum last fall and they
have been working on renovations including new paint, lighting, marquee and air
"The building needs a lot of work and it's been
neglected for a long time and we're trying to figure out what's most important
to work on first," said Eve Paras, Executive Director of Orpheum
State Street, the Orpheum Theater, will be auctioned off April 8th by the
Sheriff's Department over a $10,000 debt from the previous owners related to a
new curtain for the stage.
one for $45,000 for fire repairs was purchased by Frank Productions, which puts
on shows at the Orpheum.
Welearned that lien, and another outstanding
Owner Fred Frank declined an on-camera interview but
said he bought the debt in July of last year hoping to purchase the
theater himself in the last expected auction.
But the Paras family bought it privately before the auction, and now
Frank says he just wants to get paid and hasn't been.
"It's nothing that can get taken care of right away
after you purchase the building," said Paras. "It takes a while and we are paying all
of them. We're still doing some
negotiating with some of them and that's why they're still there."
The Paras family says they have the money to pay the
liens and will do so before the auction
"I can guarantee we are taking care of all the liens
and the building will not go to sale," said Paras.
Frank says me while other lien holders, including the
city and MG&E have been paid, he has not, and he's not sure why. He says the Paras family was served legal
notice of the lien March 1.
Paras says Frank may be pushing the issue to try to buy
the Orpheum himself.
Frank says he would like to have owned the building, but
calls this issue "business, not personal."
Thursday, March 13 2014, 09:52 PM CDT
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