The Brooklyn Mirage's parent company, Avant Gardner, is reportedly exploring a sale due to severe financial challenges. Ongoing delays in opening the venue, caused by safety inspection failures and permitting issues, have led to significant cash losses. A source revealed that some employees are owed back pay, with internal talks indicating that the situation is dire. The venue has already canceled ten weeks of scheduled performances, leaving fans frustrated and the business scrambling for solutions amidst ongoing operational difficulties.
Gary Richards, the nonexecutive board chairman for Avant Gardner, said they are looking to sell the company due to financial losses, stating, "It's bleeding money."
Internal discussions within Avant Gardner suggest employees have not received months of back pay or holiday incentive wages, indicating serious financial distress.
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