Midtown's once-thriving entertainment complex Armory STL continues to face legal challenges as a food distributor joins the list of firms seeking remuneration. According to a report by St. Louis Business Journal, Performance Food Group is placing a $100,000 suit against Armory Commons, LLC, the entity that owns Armory STL.
Shutting its doors back in September due to a shortfall in funds needed to complete pending projects, Armory STL's owner, Green Street, announced intentions to re-open the venue within 30 days after finding new investment. As told by KSDK, the temporary closing has considerably overstretched its estimate, displacing around 100 employees who relied on the complex for their livelihood.
The recent lawsuit alleges that Armory Commons refused to repay a line of credit of $103,281.95, which was supposed to be returned with an 18 percent interest rate. This has been documented in court records and was reported by First Alert 4. Without stating a clear reason, the refusal to honor the debt agreement has led Performance Food Group to take legal action.
With the legal turmoil swirling around the Midtown entertainment complex, the future of the Armory STL remains uncertain. The owner's initial optimism for a quick resolution, mingled with the search for additional financial backing, seems to blur as new legal complaints arise. The economic ripple effect of the prolonged closure continues to be felt, not only by the workers who found themselves jobless but also by the businesses like Performance Food Group, which serviced and relied on the venue's operational success.