Talk of The Villages Florida - View Single Post - Brownwood town square theater is permanently closed
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Old 02-02-2023, 02:36 PM
JoMar JoMar is offline
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Quote:
Originally Posted by Keefelane66 View Post
It's for the benefit of Villagers when it makes money for the developer. They are out to make money no return on investment they are within their rights to close a venue.
I don't believe the Developer operates the theater, they own the building and rent it to the operator who as I remember, operated all three theaters. If the operator cannot or will not meet their obligations the Developer can cancel/void the agreement under terms of the rental out clauses. When things close, it's usually because the person operating the business is not successful, either through mismanagement or changing market conditions impact.
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