Lots of Folks Object to Blockbuster's Store Closure Plan. Like Dallas County, For Starters.

Categories: Biz
blockbusteroutlet1.jpg
The Blockbuster outlet at Lovers and Inwood closed shortly before the end of 2010.
As you'll recall, Blockbuster ended the year by announcing it's looking over all its leases and planning on breaking many of them, after which it'll shutter stores, dump inventory for pennies on the dollar and turn over the cash to its creditors. According to a Blockbuster filing two weeks ago in Manhattan bankruptcy court, matter of fact, all of its leases should be considered "rejected" -- even the unexpired ones, such as the one in Preston Royal Shopping Center -- unless the company says it's keeping them open by or before a hearing scheduled in a Manhattan courtroom on January 21.

But before that can happen, all comers to whom Blockbuster owes money can file their objections to the proposed plan. And the objections, they are now pouring in. Some are from landlords who don't want their leases broken. As Home Media Magazine points out, Safeway's objecting for a number of reasons -- chief among them, having shuttered Blockbusters next door will lead to the "diminished reputation of its shopping centers."

And earlier today I came across a Monday-morning filing  that said the Carrolton-Farmers Branch and Lewisville ISDs ain't happy with the downtown-based video rentalist's plan because the school disticts have secured tax liens that "take priority" over creditors' claims. According to the claims register, Carrollton-Farmers Branch ISD is owed some $12,000 in back taxes; Lewisville, more than $20,000.

Which is nothing compared to what Dallas County is claiming it's owed, which is at least $545,701.36 (though, looking at court docs, it may be double that -- hard to tell without talking to one of the county's attorneys). Hence the county's objection filed by downtown attorney Elizabeth Weller -- an objection filed in conjunction with Tarrant County, the Richardson and Irving ISDs and dozens upon dozens of other school districts and counties across the state. Weller's unavailable till tomorrow, and efforts to reach Blockbuster's attorneys have proved unsuccessful.
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7 comments
Richardpour
Richardpour

I am sorry to see any company close, however I feel Blockbuster deserves it. How many years did they rape us with their exessive fees. They once insisted I failed to return a CD in its case. They charged me 35 dollars. I never went back to that or any location. You cannot treat people like crap and expect loyalty from them. Sorry Blockbuster....you screwed us to long.

gracejhenry
gracejhenry

Coupon shopping should be serious business to? more people in this economy, new thing is collective buying check for the website "Printapons"

LaceyB
LaceyB

I would rather take issue with the online wait times for dvds than with late charges. I'm trying to bang out "1001 movies you should see before you die" and, well, got some of the stuff from the 1900s done, but what I don't, they may have labeled "forever" as the wait time. That book is published by Blockbuster. You'd think they'd carry more than 1 copy of these films.

LaceyB
LaceyB

I think you mean "talking" to one's attorney (one of the county), which, oddly enough, had some xmas business to attend to, and her paralegal used to work for you up at the Observer, Robert. Strange, small world, this Dallas.

Robert Wilonsky
Robert Wilonsky

Yes, "talking." Or taking. Whatever works. And ... do tell.

LaceyB
LaceyB

Seems you're absolutely ecstatic when I catch those edits. As such, I will turn in my DPD grammar badge for awhile. Puting it on your virtual desk.

Ol habbit from chilldhud diner table so a resollushun to let 'em fli past mie. Sorry, cappin'.

LaceyB
LaceyB

Paralegal's name was Cecillia. Worked up there round 2005ish.

Nothing but warm fuzzies exchanged, she said she mostly did research for you and Shutze and did write 1 or 2 paragraphs for you, but she mostly got back only that her "ands" and "buts" were in the right place.

She asked me if I wrote for Unfair Park, but I had to say, alas, I'm just a lowly commentor. *Dream Job* *Never too early to plant the brain seeds* But, education, I fear, is a long road before anything like that could happen.

I guess Cecilia did one main piece on her own, which, would be interesting to read, if you have a link. Woulda been around that same time in 2005 when she interned. She said you were a pretty good boss most of the time. Impressive. Not sure I could ever claim that about any of mine.

In any case, she works for a very good entertainment lawyer, Emily Horton, (their office is on Lee), and for those starting out, Horton & Co. Are decently priced, and can get you rolling, unlike some of the bigwigs, who aren't much help, and charge you an arm and a leg.

Cecilia now does a bit with the Asian Film Festival, come June/July. Oh, and she LOVED it when I told her about the Xmas show on the Ticket. The Jew who can't get enough Xmas music. Got a kick outta that one.

Oh, and a parting note...since we had to use up part of my session, I said, you would probably be flattered, if not smiling, that we were killing necessary time (small remainder of an required hr) talking about you. Her half-smile said it all.

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