Bank forecloses on Castle theater

posted by rmckkbov1 on February 6, 2007 at 7:36 am

BLOOMINGTON, IL — The owner of the Castle Theatre owes Heartland Bank $793,299. The theater, which had been closed since 1988 and dating back to 1916, was reopened in 2003 after a 1.5 million dollar renovation.

Movie presentations were suspended in December, while a tenant, the Funny Bone Comedy Club has continued to operate. Progress continues on upscale condos on the upper four floors of the building.

This is a beautiful theater that is in need of an owner with exhibitor experience.

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