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Auction Postponed for Gillioz Theatre

SPRINGFIELD, Mo. -- The planned auction on the courthouse steps of the historic Gillioz Theatre in downtown Springfield was postponed today and the president of the agency that owns it said "a significant milestone" has been reached in the fate of the building.
SPRINGFIELD, Mo. -- The planned auction on the courthouse steps of the historic Gillioz Theatre in downtown Springfield was postponed today and the president of the agency that owns it said "a significant milestone" has been reached in the fate of the building.


Philip Rothschild, president of Springfield Landmark Preservation Trust said in an email sent to local media that Guaranty Bank had delayed the sale "until we schedule finalization of the agreement over the next several days."


He said the trust's board would share details of any arrangement they had reached "as soon as the transaction is completed."


In the meantime, he said, "The Gillioz Theatre continues business-as-usual…"


The property, which is part of the Netters-Gillioz building along the 300-block of Park Central East, was to have been sold at auction at 2 p.m. today after the Trust was notified recently that Guaranty Bank had elected to call the mortgage on the property.


The Gillioz Theatre filed for Chapter 11 Bankruptcy in 2010. At that time, nearly $200,000 were raised to save it. The historic theater reopened in 2006 after an extensive $9 million renovation. 


The theater is scheduled to host several upcoming events, including concerts by O.A.R. and Switchfoot and comedy performances featuring Kathleen Madigan and Drew Carey. 


Rothschild said several events scheduled at the venue over the next few weeks -- including  the Children's Choir of Southwest Missouri, the Summit School Concert,  Switchfoot in Concert, the OTC Christmas Play, and the Lennon/Beatles Tribute: Imagine - will be held as scheduled.

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