Friday
22Aug2008
Pink Elephant and Mansion File For Bankruptcy
Breaking news over the Birdy wire. Seriously Breaking News. Pink Elephant and Mansion have each filed for bankruptcy protection, claiming disputes with their landlord. According to the release:
The petition, filed in Manhattan bankruptcy court yesterday, estimates $1 million to $10 million in both assets and liabilities. Bruce Dunston, senior manager of 530 West 28th Street LP, said in court documents that disputes over rent and property taxes led to the filing. Dunston also owned the nightclub Crobar, which closed last year.
We don't believe that this will effect their operations as of tonight, but could jeopardize each space over the long haul. We have declared Mansion to be a shit show since day 1, but Pink Elephant's landlord troubles caught us off guard. Stay tuned.
DBTH
Reader Comments (3)
Ugh, Pink is beloved, would be a shame to see my favorite euro house music venue go the way of the dodo.
Pink Elephant is a brand. It can open in one of 42 places that SUCK. lol Dont cry for the elephant. It may be time for a move, regardless.
Pink Elephant and Mansion have the same landlord, it's the same building. Actually it's Dunston who has the landlord, Mansion and Pink Elephant just operate in the building, they are not lease holders. That's how Mansion and Pink Elephant were able to open at all. They slipped by SLA rules and getting a caberet license by not being new "owners" just "managers"