Grand Prairie, Texas, Likely to Approve Deal for Performance Theater.

From: The Dallas Morning News (Dallas, Texas) (viaKnight-Ridder/Tribune Business News) | Date: September 12, 2002 | Copyright information

Byline: Jenni Smith

Sep. 12--GRAND PRAIRIE, Texas--Anschutz Entertainment Group won the right Wednesday to take over operations at NextStage Performance Theater when it was the only company to submit a bid at a federal bankruptcy court auction in Dallas.

In the bid, Anschutz said it would pay Grand Prairie, which owns the 7-month-old theater, $200,000 upfront and then pick up the NextStage lease payments, estimated at $1 million a year.

The deal must be OK'd by the Grand Prairie City Council, which will consider the matter Monday. Approval is expected.

"I can ...

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