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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Brooklyn Mirage parent company Avant Gardner files for bankruptcy
EAST WILLIAMSBURG, Brooklyn (PIX11) -- Avant Gardner, the operator of the indoor-outdoor events complex that includes the Brooklyn Mirage, has voluntarily filed for Chapter 11 bankruptcy. Monday's announcement comes after the company failed to open its newly constructed Mirage event space for the 2025 season, citing months of financial distress. More Local News Many of the Mirage shows will be moved to the Great Hall or relocated for the r…
·New York, United States
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Brooklyn Mirage closed for year as troubled owner files for bankruptcy
Avant Gardner LLC took the drastic step after it faced ongoing financial snags and failed to reopen the prized East Williamsburg open-air concert hall in time for its 2025 season.
·New York, United States
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Total News Sources19
Leaning Left3Leaning Right1Center3Last UpdatedBias Distribution43% Left, 43% Center
Bias Distribution
- 43% of the sources lean Left, 43% of the sources are Center
43% Center
L 43%
C 43%
14%
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