www.broadwayworld.com: At the center of the dispute is an unusual, original 1926 lease arrangement that grants Fox Associates LLC a 99 year lease to most of the land the theater sits on, for which they have been paying the annual fee of $40,000. Fox Associates bought the theater in 1981 and spent $10 million dollars on renovations and upgrades to make the Fox suitable for large Broadway productions.
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This is a pretty interesting predicament that the Fox Theater in St Louis is in. It seems like based on just the facts in the article that Foxland will probably win the case because of the terms of the original lease. this all seems pretty cut and dry. It is just really interesting to think of there being competition in who's bringing Broadway tours to St Louis. It will be really interesting to see what kind of shows each theater will bring in if Foxland does win. It is kind of wild to me that this case is happening now. It makes me wonder how long these two groups have been thinking about or talking about this inevitable problem. I will just be very interested in seeing how this pans out. The way that the ownership of the different parts of the theater is split up is very odd to me but I guess that is neither here nor there at the moment.
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