Page 5 - Cinema Square News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Galaxy Theatre property in Atascadero facing foreclosure Copyright 2021 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. KSBY and last updated 2021-02-26 00:49:05-05 A retail center in Atascadero which includes the Galaxy Theatre is in danger of foreclosure. A lending group from New York has initiated a foreclosure on the Colony Square Property located on El Camino Real. The City of Atascadero has since adopted a resolution emphasizing the importance of these businesses in the community. Movie theaters have been hit especially hard by COVID-19 restrictions that have made it impossible for some to pay rent. The property owners in turn have also struggled to keep up with mortgage payments.

New yorkUnited statesFrank rimkusJeff nelsonHeather morenoCinema squareWells fargoGalaxy theatreColony square propertyGalaxy theatresOwner jeff nelsonShuttered venues federal grant fundingSan luis obispo countySan luis obispoCovid 19Galaxy theater