Surflight Theater auction bid rejected

The winning bid for the Surflight Theater in Beach Haven has been rejected by a bankruptcy trustee.

The Surflight Theater auction bid was rejected by a bankruptcy trustee.

The Surflight Theater auction bid was rejected by a bankruptcy trustee. (8/10/15)

BEACH HAVEN - The winning bid for the Surflight Theater in Beach Haven has been rejected by a bankruptcy trustee.

The $2 million winning bid by Greg Russo of West Orange was apparently not high enough, according to the managing partner for Auction Advisors.

The Surflight Theater and Show Place singing ice cream parlor filed for Chapter 7 bankruptcy in February and was $3.5 million in debt.

According to Auction Advisors, the bankruptcy trustee is keeping all options open on the property.

No information has been released about what the next steps may be.

advertisement | advertise on News 12

Trending Video

VIDEO: News conference on arrest in murder of 1 VIDEO: News conference on arrest in murder of Sarah Butler
Police in Asbury Park calling for cease fire 2 Police in Asbury Park call for cease-fire after shootings
Khalil Wheeler-Weaver, 20, was charged with the murder 3 Arrest made in murder of college student found in W. Orange
Police: Teen student arrested for terror threats against 4 Police: Teen student arrested for terror threats against Linden High School students
Dozens of fellow officers show up to support 5 Dozens show up to support fired Wayne police officer

advertisement | advertise on News 12

More News

The Surflight Theater in Beach Haven sold for Surflight Theater auctioned for $2M

The famed Surflight Theater and Show Place singing ice cream parlor in Beach Haven has

The Surflight Theater is being forced to close Surflight Theatre files for bankruptcy

The Surflight Theatre in Beach Haven has had to file for Chapter 7 bankruptcy. The

The famed Surflight Theatre on Long Beach Island Surflight Theatre reopening for summer season

The famed Surflight Theatre on Long Beach Island is hoping the curtain comes up on

Beach Haven theater needs big bucks to stay open

A famous theater and ice cream shop in Beach Haven are in danger of closing

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE