Springfield's Gillioz theater asking for donations to aviod foreclosure

Thursday, December 16, 2010 | 12:10 p.m. CST

SPRINGFIELD (AP) — A historic theater in downtown Springfield faces foreclosure at the end of the month.

Backers of the Gillioz (gil-OYS) Theatre are pleading for donations to keep the Springfield landmark from being sold in a New Year's Eve foreclosure sale.

The Springfield News-Leader reports that Guaranty Bank of Springfield has filed a foreclosure notice over a $3.5 million payment that has been delinquent for more than two years.

Dave Roling, president of the Springfield Landmarks Preservation Trust, says a donor who wants to stay anonymous has agreed to pay half the loan if others will donate the rest.

The trust owns both buildings and directed a nearly $10 million renovation and restoration of the Gillioz, a 1,130-seat multilevel theater built in 1926.

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