Fort Worth's Ridglea Theater faces foreclosure for the fourth time in two years.
R.K. Maulsby Trust has owned the Ridglea for 18 years, but would lose the property to a Dallas lender FixFunding, which loaned the trust $1.1 million to pay back a California-based bank.
The property is scheduled to be sold at auction on August 4 if a deal is not arranged, according to a report in the Star-Telegram.
Hard rock and metal acts have frequently been featured at the Ridglea -- bands like No Justice and Absu are still on the theater's bill for shows after the scheduled auction date -- which makes us wonder where they'll end up playing if the historic theater has a sudden ownership change.
