Replies to post #282 on Orpheum Property Inc (PLFF)

[tdbowieknife]

Looks more like to me that Reid, Gwyn and pals scammed everybody...

http://www.nola.com/business/index.ssf/2014/02/metairie_commodity_fund_manage.html#cmpid=nwsltrhead?_wcsid=01C1CA27A5E9FDF25DDFA9AA5EB135A4BE9FB61161E00C691B89DE01E74AF513

http://www.nola.com/business/index.ssf/2010/12/new_orleans_newest_public_comp.html

http://www.nola.com/business/index.ssf/2012/05/orpheum_theater_owners_have_be.html

[SmackDown]

I agree fmi81 that it was a good move to get rid of the theatre building at this point. The payment seemed to be like $30,000 per month with interest and penalities. Plus it would have been difficult to ever justify normal renovation costs for the amount of revenue that could have ever been generated by the building.