Local group makes a big splash to stop Casa Bonita sale to “South Park” creators – The Denver Post – Denver, Colorado

Denver, Colorado 2021-10-20 08:00:44 –

Save Casa Bonita, a group of local fans of landmark Lakewood restaurants, blocked the sale of pending restaurants because it couldn’t convince the bankruptcy court to switch sides to team up with the creators of South Park. I have filed a legal complaint. Those at the time of purchase.

From Colorado, Trey Parker and Matt Stone have agreed through one of their companies to pay restaurant owner Summit Family Restaurants $ 3.1 million to buy Casa Bonita’s creditors in their entirety to buy operating assets. ..

They also agreed to pay a private amount for the trademark and intellectual property of the restaurant owned by another company by Bob Wheaton, CEO of the Summit Family Restaurant, outside the bankruptcy process.The purchase deal overturned the bid Save Casa Bonita had been working on to buy a restaurant from Summit. After Scottsdale, Arizona, the company filed for bankruptcy protection on April 6th...

“Our biggest horror isn’t Matt and Tray owning a restaurant,” said Andrew Novic, head of Save Casa Bonita. “Rather, Zeppelin is participating in this deal.”

Zeppelin Development, behind the River North Arts District’s Source Hotel and Marketplace and Zeppelin Station, is a local partner Parker and Stone are working together to run Casa Bonita, according to Novic. “South Park” is not tied either. The creator confirmed.

Kyle Zeppelin, co-president of Zeppelin Development, was on vacation and did not respond to requests for interviews by phone or email.

“They are landlords … they are not restaurant owners,” Novik said.

Save Casa Bonita, which Novik said is backed by a local restaurant owner, is playing an advisory role with an unnamed investor who is prepaying for the group’s bids.

Save Casa Bonita has failed months to join Parker and Stone in that effort and finally made a connection earlier this month, suggesting why it would be the best group to partner with, Novic said. Said. On Friday, the group replied — the pair stays on the course.

On Monday, Save Casa Bonita challenged the sales deal, claiming that the $ 3.5 million purchase offer was $ 400,000 higher than the one offered by the South Park team, “maximizing” the value of the restaurant.

Filing also told the restaurant owner, BSV Lamont JCRS, that he did not agree with the Summit family restaurant to agree with Save Casa Bonita to buy the restaurant for $ 7.3 million, including intellectual property. Claims to have exercised “power.”

Novik learns that BSV has another offer to work with creators of South Park, who is also a big fan of making restaurants an international sensation by featuring restaurants in several episodes of the anime series. I said it was because I was there.

Judge Michael E. Romero may dismiss the motion, determine that Save Casa Bonita has offered a better offer, or put the asset up for a competitive auction. Given that Parker and Stone signed over $ 900 million in contracts between ViacomCBS and South Park for another six seasons in August and produced 14 streaming films, who would win if Casa Bonita participated in the auction? No doubt, Mr. Novic said.

Save Casa Bonita is also a creditor after paying local grocery stores and mariachi musicians, and can persuade the majority of creditors to refuse to sell. But given that the landlord, the biggest creditor after the unpaid rent returned when the restaurant closed in March 2020, is participating in the deal, Novic admits it’s a long shot. increase.

Local group makes a big splash to stop Casa Bonita sale to “South Park” creators – The Denver Post Source link Local group makes a big splash to stop Casa Bonita sale to “South Park” creators – The Denver Post

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