Business & Tech
With Two Recent Foreclosures, Fox Bay Could Be Last Independent Theater Standing
The Times cinema in Milwaukee and Rosebud Cinema Drafthouse in Wauwatosa will remain open until the foreclosed properties are sold.
The Times cinema and Rosebud Cinema Drafthouse were recently taken over by a bank through foreclosure, and if they end up closing, the in Whitefish Bay would be the only independent theater operator left in the Milwaukee area, according a report in the Milwaukee Business Journal.
Fox Bay Cinema Grill owner Brian Henry said independent theaters are struggling due to an ongoing economic recession. Henry re-opened the 60-year-old theater in 2000, and revenue has dipped down 20 percent in recent years.
“All I can tell you is we’re still open,” Henry told the Business Journal. “We’re still here, and we hope to still be here.”
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AnchorBank of Madison took over the Times Cinema in Milwaukee’s Washington Heights neighborhood and in Wauwatosa through foreclosure, but they will remain open until the properties are sold.
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