Remove ads with our VIP Service
Share This Page
Add Your Comments
- Arcata, CA: Minor Theatre Closed [2/9]
- Heath, OH: Regal Indian Mound 11 to Reopen in April as AMC Indian Mound Mall 9 [2/8]
- Sarasota, FL: Cobb CineBistro at Westfield Southgate Opening Friday, February 12, 2016 [2/5]
- Silverdale, WA: Regal Silverdale Cinemas 4 Closed [2/4]
- Closter, NJ: Bow Tie Closter Cinemas Closed [2/3]
- San Diego, CA: Reading Cinemas Gaslamp 15 Closed [2/2]
- East Windsor, NJ and Berlin, CT: Carmike Cinemas Acquires Two Former Starplex Cinemas Locations from AMC [2/2]
- Santa Monica, CA: Laemmle's Monica Fourplex Now Open as Laemmle Monica Film Center [2/2]
- Newark, CA: AMC NewPark 12 Now Open [2/2]
- Hawthorne, NY: All Westchester Saw Mill Multiplex Cinemas Closed, Car Dealership Coming [1/29]
A "for sale" sign soon will be in front of the Majestic Theatre.
A couple months after the iconic Streator movie house made the conversion to digital projection, building owner Tim Burke asked Katie Troccoli and her husband James, who run the theater, to pay him $248,000 or leave.
Troccoli is not planning on leaving, she said. An offer from her, however, was rejected by Burke, and the building owner has listed the 119 N. Vermillion St. theater with Century 21 of Ottawa for $267,000, including the two digital projectors.
The theater's web site has a message that appears to be from Katie Troccoli, explaining her side of the situation:
It took us almost two year to raise the funds to convert the Majestic Theatre to digital projection. We did a very public effort with every kind of event imaginable. Once we achieved the goal, we were so happy because we could get movies again. The sound, light, and picture is amazing!
But our happiness was not to last. When I informed my partner Tim Burke, about the gift his words cut me like a knife. He said “I did not think you would last this long. I have been waiting for you to quit so I could shutter the place. I didn't think you could raise the money”.
It was about 24 hours from the time the news hit the press that my business partner and the owner of the building, Tim Burke, began screaming and yelling at me. He told me to get out of the building and take those (bad word) digital projectors with me.
I consulted my attorney. I consulted the City of Streator officials. Both told me not to leave the building.
During the first week of August, my business partner Tim Burke came from Los Angeles to Streator. His demands are high. He wants me to give him $120,000. in cash and assume his current mortgage of $128,000. (which is not assumable per the bank). I was told ”Katie, just get me the money and we can be friends” Get him a $10,000. non refundable cash deposit and to close by the end of September”.
While he was here he moved a lot of equipment out of the building. He said a lot of nasty degrading things to me.
I am committed to saving the Majestic. I am committed to the community of Streator IL having a movie theatre.
I have been working with a lender to secure financing. These things take time. They will not lend me more then the appraised value of the building. I made Tim Burke through my attorney a very fair offer. The way he responded was to list the building for sale (including the digital projectors that do not belong to him) with Century 21 out of Ottawa IL. His price is $267,000.
There is evil and greed in this world. I have seen it first hand. The stress is about killing me. Now you know the truth and my story about trying to save the Majestic theatre in Streator IL.
Any help anyone can give me is truly appreciated. Thoughts, prayers, legal advise, money. I am not asking for a hand out. I will work out terms with a person willing to help.
Thank you. Katie Troccoli
(Disclosure I am a licensed managing broker at Washington Square Realtors in Ottawa IL)
Even though the web site continues to have showtimes listed, and we have received showtimes for the rest of this week, a posting made 11 hours ago to a fundraising page for the theater shows that the theater has been boarded up, which would imply that no movies are being shown. The theater's Facebook page does not mention any of this, but someone did post a message there that said that they went past the theater today and it was boarded up.
Moviegoers in the area will need to the visit the Roxy Cinemas in Ottawa, about twelve miles away.
Photo above is courtesy Majestic Theatre
Add Your Comments
No comments found. Be the first and let us know what you think!
Add Your Comments
|Commenting on Journal Articles is available only to our readers who have customized this site, which makes it easier for you to complete the form and for us to contact you with any questions or concerns about your comments.|
Please login or register a new account before continuing.
Log in to retrieve your saved settings.
Forget Your Passcode?Send My Passcode To Me
Not Registered? Create a New Account!
Our registered members enjoy more features, including:
- Save Your Location -- the site remembers your location, no having to re-enter it each time you visit
- Favorite Theaters List -- keep a handy list of the theaters you attend
- Favorite Movies List - movies you want to see, all in one place
- Write Movie Reviews -- share your opinions of the movies you see
- Block Ads with VIP Service -- view this site ad free (subscription req'd)
Basic accounts are free -- sign up today!
Concerned About Privacy?
Journal/Blog - The Marquee - Movie Links - News and Events - Now Showing - Reader Reviews
Customize - VIP Service
|The BigScreen Cinema Guide is a service of SVJ Designs LLC. All graphics, layout, and structure of this service (unless otherwise specified) are Copyright © 1995-2016, SVJ Designs. The BigScreen Cinema Guide is a trademark of SVJ Designs. All rights reserved.|
'ACADEMY AWARDS®' and 'OSCAR®' are the registered trademarks and service marks of the Academy of Motion Picture Arts and Sciences.