Make us your home page
Instagram

Ritz Ybor says it's unaffected by bankruptcy filing of previous operator

A company called the Ritz Ybor LLC filed for Chapter 7 bankruptcy liquidation on Aug. 22, stating that it had $90 in the bank but more than $600,000 in debts. But according to the club and concert venue's current owner, the filing has nothing to do with current business at the Ritz.
 [TBO.COM FILES]

A company called the Ritz Ybor LLC filed for Chapter 7 bankruptcy liquidation on Aug. 22, stating that it had $90 in the bank but more than $600,000 in debts. But according to the club and concert venue's current owner, the filing has nothing to do with current business at the Ritz. [TBO.COM FILES]

Music fans in Ybor City need not worry about the future of the Ritz Ybor.

A company called the Ritz Ybor LLC filed for Chapter 7 bankruptcy liquidation Aug. 22, stating it had $90 in the bank but more than $600,000 in debts. But according to the club and concert venue's current owner, the filing has nothing to do with current business at the Ritz.

"One hundred percent, no, this has nothing to do with my operations, or any of my corporations," said John Santoro, who took over the club last summer. "The property owner's great, I'm great, we have a long-term lease. This must be the operating company that was in there before me. So nothing to do with me, nothing to do with the property."

The filing indicated the Ritz Ybor LLC collected $1.3 million in revenues in the first half of 2016, before Santoro's company took over the club. But the filing states it owes $126,000 in unpaid rent to landlord NCJ Investments Co., whose officers and directors include members of the Capitano family, a prominent real estate group in Ybor City.

Joseph Capitano Jr. owns the historic building that houses the club at 1503 E Seventh Ave. He is listed as the primary agent of the Ritz Ybor LLC, which state records show was launched in 2013 and dissolved in April 2017.

At the moment, Santoro said, all planned concerts and events at the Ritz are good to go, starting with a concert by Manchester Orchestra tonight.

"It will not affect any shows," he said. "Zero, zero, zero, anything at all."

Times researcher Caryn Baird contributed to this report.

Ritz Ybor says it's unaffected by bankruptcy filing of previous operator 09/05/17 [Last modified: Tuesday, September 5, 2017 5:36pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. Construction starts on USF medical school, the first piece of Tampa's Water Street project

    Health

    TAMPA — Dozens of workers in hard hats and boots were busy at work at the corner of South Meridian Avenue and Channelside Drive Wednesday morning, signaling the start of construction on the University of South Florida's new Morsani College of Medicine and Heart Institute.

    A rendering shows what the USF Health Morsani College of Medicine and Heart Institute will look like when completed in 2019. Local officials gathered Wednesday to celebrate as construction begins on the facility, the first piece of the Water Street redevelopment area in downtown Tampa. [Rendering courtesy of the USF Health]
  2. Tampa Bay among top 25 metro areas with fastest growing economies

    Economic Development

    Tampa Bay had the 24th fastest growing economy among 382 metro areas in the country for 2016. According to an analysis by the U.S. Bureau of Economic Analysis, Tampa Bay's gross domestic product, or GDP, increased 4.2 percent from 2015 to 2016 to hit $126.2 billion.

    Tampa Bay had the 24th fastest growing economy in the country for 2016. Rentals were one of the areas that contributed to Tampa Bay's GDP growth. Pictured is attorney David Eaton in front of his rental home. 
[SCOTT KEELER | Times]
  3. Tampa Bay cools down to more moderate home price increases

    Real Estate

    The increase in home prices throughout much of the Tampa Bay area is definitely slowing from the torrid rate a year ago.

    This home close to Bayshore Boulevard in Tampa sold for $3.055 million in August, making it Hillsborough County's top sale of the month. [Courtesy of Bredt Cobitz]
  4. With successful jewelry line, Durant High alum Carley Ochs enjoys 'incredible ride'

    Business

    BRANDON

    As a child Carley Ochs played dress up, draped in her grandmother's furs.

    Founder Carley Ochs poses for a portrait in her Ford Bronco at the Bourbon & Boweties warehouse in Brandon, Fla. on September 19, 2017. Ochs is a Durant High and Florida State University graduate.
  5. At Menorah Manor, planning paid off during Irma

    Nursing Homes

    ST. PETERSBURG — Doris Rosenblatt and her husband, Frank, have lived in Florida all of their lives, so they know about hurricanes.

    Raisa Collins, 9, far left, works on a craft project as Certified Nursing Assistant Shuntal Anthony holds Cassidy Merrill, 1, while pouring glue for Quanniyah Brownlee, 9, right, at Menorah Manor in St. Petersburg on Sept. 15. To help keep its patients safe during Hurricane Irma, Menorah Manor allowed employees to shelter their families and pets at the nursing home and also offered daycare through the week. The facility was able to accommodate and feed everyone who weathered the storm there. [LARA CERRI   |   Times]