Suit filed over Hot Springs theater
By The Associated Press
This article was published February 10, 2012 at 6:48 a.m.
PHOTO BY RICHARD RASMUSSEN/THE SENTINEL-RECORD / RICHARD RASMUSSEN
Pedestrians stroll past the Malco Theater in Hot Springs, home of the Hot Springs Documentary Film Festival.
A bank has filed a foreclosure suit against the Hot Springs Documentary Film Institute, claiming the entity owes more than $300,000 on the historic Malco Theatre — where a documentary festival is held each year — and a nearby parking lot.
The Sentinel-Record reports that Arvest Bank filed the foreclosure action this week in Garland County Circuit Court. The bank claims that the institute hasn’t paid more than $185,000 it owes for the Malco Theatre property and more than $150,000 it owes for a parking lot.
The institute’s executive director, Carol Kimery, says they’d been in discussions with the bank about the loans and they were caught off guard by the foreclosure filing.
Kimery says she’s confident the foreclosure action won’t stop this year’s film festival.
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