Main | Tuesday, August 31, 2010

Parliament House In Foreclosure

Orlando's Parliament House, my first ever gay bar (back when dinosaurs ruled the Earth) is facing foreclosure and heading into receivership.
Houston-based Southwest Guaranty Ltd. and Compass Bank of Alabama initiated foreclosure actions against the property on North Orange Blossom Trail in July over a $7.5 million mortgage that matured at the end of 2009. Attorneys for the creditors said Monday they expect it will taken over this week by a court-appointed receiver, which would continue the club's operations under court orders. Entrepreneur Donald Granastein and his wife purchased it in 1999 and have operated it since then. The couple have been credited with renovating and reinvigorating the somewhat-faded landmark on the western edge of downtown. Granastein said Monday he didn't have the money to repay the note when it came due. He added that he holds the liquor license and expects to continue operating it, even under a receiver. "Am I happy with this? That's a big no," he said. "But I'm stuck with whatever happens, and we will be open 100 percent."
The Parliament House is inarguably the most famous gay business in the entire south and has been for three decades. I really cannot imagine an Orlando without it. I hope it survives somehow.

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