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**Brooklyn Mirage Operator Avant Gardner Files For Voluntary Chapter 11 Bankruptcy: ‘The Most Viable Path Forward’**
In a surprise move, Avant Gardner LLC, the operator of New York’s troubled club Brooklyn Mirage, has voluntarily filed for Chapter 11 bankruptcy. The sudden filing comes after months of financial distress culminating with Avant Gardner being unable to open its newly constructed Mirage event space for the 2025 season.
According to a statement provided by a representative for Avant Gardner, the company’s new CEO Gary Richards expressed optimism regarding the move, stating that it will “allow us to stabilize Avant Gardner and focus on building for the future.”
The news marks a significant turn of events in the saga surrounding Brooklyn Mirage. Just a few months ago, the club was set to reopen after a substantial remodel, but inspectors declined to grant the facility a permit to open, subsequently canceling all summer shows at the venue.
In response, CEO Richards revealed that he has stepped in as the company’s new chief executive to rebuild the firm’s culture and turn the business around. Richards emphasized that Chapter 11 bankruptcy was the “most viable path forward” for Avant Gardner, hinting at a fresh start for the troubled organization.
Avant Gardner is expected to enter into a stalking horse purchase agreement with its existing lender, permitting it to sell its assets to an entity formed and controlled by the same lender. This deal will be subject to a court-supervised over-bidding process.
Meanwhile, the company’s other two venues, Great Hall and Kings Hall, will continue to operate without interruption during the restructuring period.
As Avant Gardner navigates this uncertain chapter, the dance music industry holds its breath in anticipation of how this development might impact the clubbing scene and the artists who have performed at Brooklyn Mirage.
Source: www.billboard.com
