I was planning to visit and do a review of the Midwest City Warren Theater last year, but, like most things as of late, the Coronavirus justifiably stopped that. Only open for a few scant months, it has sat dormant for many more, gathering dust ever since Arvest Bank foreclosed on it.
I guess Warren Theatres had very little hope in the place—or they seemingly know that movies ain’t coming back anytime soon—and the bank has decided to auction off the place to the highest bidder. While I’m not too sure who would be willing to plunk down the cash to transform it into something worthwhile in the middle of this dastardly pandemic, according to Mayor Matt Dukes the town is keeping their “fingers crossed.”
From KFOR:
“We’re just hoping, praying, and keeping our fingers crossed we’ll come to a great conclusion and it’ll be another part of the history,” Midwest City Mayor Matt Dukes said.
The Warren Theatre was foreclosed on a few months ago by Arvest Bank for more than $16 million. The theatre closed last March because of the pandemic.
The property is going up for auction through the sheriff’s office for new management. Bids are expected to start next month. Companies nationwide will be able to place a bid.
“There will be a minimum bid, there’s not going to be anybody who will be able to come in a bid a dollar, and end up with a $18 million theater,” Dukes said.
Well, that sucks, because if it were a dollar, I could possibly buy it. Let me check my finances…nope, still can’t.