The long closed and debt-ridden Coconut Grove Playhouse was finally on the verge of public ownership when a $55 million development proposal from one of the theater’s creditors stalled the process, the Miami Herald reported. The creditor, represented by Aries Development partner Gino Falsetto, initially rejected Miami-Dade County Mayor Carlos Gimenez’s settlement offer of $250,000, when it unexpectedly counter-offered with a plan to construct a 600-seat theater behind the historic 1927 façade, including space for [more]
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