Great Mall of the Great Plains owners are the largest unsecuredcreditors in the Dickinson Theatre company bankruptcy reorganization. Inaddition to negotiating a new lease, the owners are expected to give upa claim of $1 million owed in back rent.

Earlier this month, Dickinson had filed for Chapter 11 bankruptcy whiletrying to right itself in a cash flow crunch. A confirmation hearing hasbeen scheduled for the week of Dec. 17.The theatre at the Mall of the Great Plains, the Great Mall 16, hasstadium seating and a state of the art surround sound system.It is alarge draw for the massive mall, which has experienced less thanexpected numbers since opening three years ago.

Dickinson continues to operate four other area theatres: WestGlen 18,EastGlen 16, Belton 8 and Red Bridge 4. The company rejected leases onthree other area theatres: Olathe 8, Noland Fashion Square and theDickinson Cinema 6.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.