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Brooklyn Mirage Parent Company Avant Gardner Files for Bankruptcy

EAST WILLIAMSBURG, BROOKLYN, NEW YORK CITY, AUG 4 – Avant Gardner filed for Chapter 11 bankruptcy due to $500 million in liabilities and delayed Brooklyn Mirage reopening to June 2026 amid safety and permit challenges.

  • Avant Gardner LLC, which operates Brooklyn Mirage in New York, initiated a Chapter 11 bankruptcy proceeding on Monday to manage its ongoing financial challenges.
  • The filing follows several months of struggles including canceled shows, stalled reopening of Brooklyn Mirage after remodeling, and permit delays.
  • Gary Richards replaced Josh Wyatt as CEO two months ago to stabilize finances, rebuild company culture, and prepare the venue for 2026 and beyond.
  • Richards expressed that proceeding with the Chapter 11 restructuring represents the best option to secure Avant Gardner’s stability and concentrate efforts on its future development.
  • The restructuring plan includes $45 million in debtor-in-possession financing, with the lender set to assume asset control, while Great Hall and Kings Hall remain open.
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Cirrkus News broke the news in on Sunday, August 3, 2025.
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