AURORA | The investment company that owns the Shadow Theatre Company building at 1468 Dayton St. has started formal eviction proceedings to vacate the troupe from the facility.
In a statement released Monday, representatives from Cornerstone Equity announced they were going through the proper legal channels to evict the Shadow Theatre from the building, following a lack of communication from the company regarding its exit.
In the statement, Cornerstone Principal Michael Rasser said the move to formally evict the Shadow came after board members from the theater failed to finalize an agreement to “terminate their lease.”
A meeting took place last week between Cornerstone partners and Shadow board members, following Cornerstone’s initial announcement that the Shadow would be evicted from the building. Rasser said the company couldn’t agree to the terms of the termination discussed during the meeting. The terms would allow the Shadow to vacate by Jan. 5, remove all their personal property and have their debt forgiven. According to Cornerstone officials, the company has continually failed to pay its $7,500 rent since early in 2010. According to the terms, the Shadow would have to “leave the premises completely operational in its current condition as a performing arts center.”
According to Rasser, the theater failed to finalize the agreement by the deadline that was set for Monday.
“That deadline has now passed and there has been no further communication from the representatives of the Shadow with Cornerstone,” Rasser said in the release. “Cornerstone is left with no option but to proceed with formal eviction of this tenant.”
Shadow Theatre representatives announced last week they would finish their January run of the musical “An Evening With Nina” at the Aurora Fox theater, 9900 E. Colfax Ave.
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