Whitewater Amphitheater, a Hill Country favorite along the river in New Braunfels, is not going dark just yet, even as its operator seeks Chapter 11 protection with a foreclosure sale looming in the background.
Kona Coast Venture Ltd., which runs the venue, filed for Chapter 11 bankruptcy on Tuesday, July 7, 2026, in U.S. Bankruptcy Court in San Antonio. Venue officials say the amphitheater will keep the lights on and continue its summer concert schedule while the business tries to reset its finances.
Bankruptcy petition and the looming sale
According to the San Antonio Express-News, Kona Coast Venture Ltd. filed the Chapter 11 petition at 10:26 a.m. and reported assets between $10 million and $50 million and liabilities between $1 million and $10 million. County records showed that MAV WTW Holdings LLC had posted the property for foreclosure in June, and notes tied to the amphitheater trace back to loans made by Moody National Bank. It was not immediately clear whether the foreclosure sale that was scheduled for 10 a.m. had already taken place.
Shows still scheduled, founder says
For concertgoers, the calendar tells a different story from the court docket. Whitewater's July lineup is still packed, with the Randy Rogers Band on July 11, Flatland Cavalry on July 17 and Dwight Yoakam on July 18, and several nights marked sold out on the venue's website.
In a statement cited by the San Antonio Express-News, founder William Korioth said, "This decision allows us to stabilize the business and position it for long-term success," and the venue added that "all concerts and events scheduled for this summer will occur."
Longstanding litigation and debt
Court records and appellate filings show Kona Coast Venture has spent years locked in partner and development disputes, and the company at one point defaulted on more than $11.5 million in secured debt tied in part to the amphitheater. As outlined by Justia, those earlier defaults and counterclaims have complicated both refinancing attempts and potential sale efforts.
What Chapter 11 means for fans and creditors
Chapter 11 generally allows a business to keep operating while it proposes a reorganization plan and pauses most collection efforts through an automatic stay, although creditors can ask a court to lift that stay or seek other remedies, according to United States Courts. Any sale, restructuring deal or payout to creditors will run through the bankruptcy process and will need court approval.
For now, the venue is telling fans to plan on attending shows as scheduled, while keeping an eye out for official updates from the amphitheater or ticket vendors as the case moves forward. We will continue to monitor court filings and local records for any sale notices or schedule changes.
