Owners Of Fort Worth's Ridglea Theater File For Bankruptcy

Keep Dallas Observer Free
I Support
  • Local
  • Community
  • Journalism
  • logo

Support the independent voice of Dallas and help keep the future of Dallas Observer free.

For a while there, it appeared as if this morning could be something of a judgment day for Fort Worth's Ridglea Theater. Today, after all, was the day that the venue was set to face foreclosure, after the loan that the owners had received from a Dallas lender last year when facing foreclosure had defaulted.

But, today, via the Fort Worth Star-Telegram, comes the news that the venue has again fought off foreclosure, at least for the time being, this time by filing for bankruptcy. In its Chapter 11 filing, the R.K. Maulsby Family Trust that owns the venue claims it is $1 million to $10 million in debt (about $40,000 of which is owed to the Fort Worth school district, oddly enough). It's been 18 years now that the Maulsby Trust has owned the Ridglea, and, according to the S-T, this most recent foreclosure threat was the fourth the venue had faced in the past two years alone.

Late last month, though, Richard and Wesley Hathaway, the current tenants of the the theater (the trust also owns the theater's adjoining office and retail spaces and, until recently, a nearby parking lot), sent out a note to the Fort Worth press announcing that they had no plans to halt their business, pointing out that their lease is still valid and that they plan on continuing to throw shows "until we decide to retire."

Whether this most recent development changes those plans isn't yet known. We'll let you know as soon as we hear anything on that front.

Keep the Dallas Observer Free... Since we started the Dallas Observer, it has been defined as the free, independent voice of Dallas, and we would like to keep it that way. Offering our readers free access to incisive coverage of local news, food and culture. Producing stories on everything from political scandals to the hottest new bands, with gutsy reporting, stylish writing, and staffers who've won everything from the Society of Professional Journalists' Sigma Delta Chi feature-writing award to the Casey Medal for Meritorious Journalism. But with local journalism's existence under siege and advertising revenue setbacks having a larger impact, it is important now more than ever for us to rally support behind funding our local journalism. You can help by participating in our "I Support" membership program, allowing us to keep covering Dallas with no paywalls.

We use cookies to collect and analyze information on site performance and usage, and to enhance and customize content and advertisements. By clicking 'X' or continuing to use the site, you agree to allow cookies to be placed. To find out more, visit our cookies policy and our privacy policy.


Join the Observer community and help support independent local journalism in Dallas.


Join the Observer community and help support independent local journalism in Dallas.