Bankruptcy is good it seems.

For rent signs on every window August 20, 2018

As we reported previously 1 day before the Burbank Theater was to be sold at public auction on August 15th, the owners of the property declared Bankruptcy – again. The husband previously declared bankruptcy in 2012, and now the wife has declared bankruptcy this time.

But there appears to be some good from this, as of August 20, 2018 we saw for rent signs pasted into all the windows of the downstairs spaces. And then more importantly some workers have showed up to clean up or fix some of the problems with the property.

As shown here, the large amounts of trash, weeds, foliage, etc.  Have been cleaned up for the first time in years.

Rear of building clean, no more trash, weeds, etc  October 1, 2018

We even recently saw someone working on plugging the leaks in the roof of the lower retail shops.

Workman appears to be applying roof tar to fix leaks. October 2, 2018

So while we continue to wait and see what will happen with the Burbank Theater, at least for now, it seems that the foreclosure the 2nd mortgage started in April 2018, has gotten the owners to start doing some critical repairs and keep the building from becoming a blight.

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