{"id":48140,"date":"2024-07-17T08:25:00","date_gmt":"2024-07-17T11:25:00","guid":{"rendered":"https:\/\/www.chmafm.com\/welcome\/?p=48140"},"modified":"2024-07-17T11:34:06","modified_gmt":"2024-07-17T14:34:06","slug":"vogue-cinema-on-course-for-tax-sale-in-january-with-nearly-70k-in-taxes-owed","status":"publish","type":"post","link":"https:\/\/www.chmafm.com\/welcome\/vogue-cinema-on-course-for-tax-sale-in-january-with-nearly-70k-in-taxes-owed\/","title":{"rendered":"Vogue Cinema on course for tax sale in January, with nearly $70k in taxes owed"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1280\" height=\"960\" sizes=\"(max-width: 1280px) 100vw, 1280px\" src=\"https:\/\/www.chmafm.com\/welcome\/wp-content\/uploads\/2024\/03\/IMG_3401.jpeg\" alt=\"\" class=\"wp-image-42131\" srcset=\"https:\/\/www.chmafm.com\/welcome\/wp-content\/uploads\/2024\/03\/IMG_3401.jpeg 1280w, https:\/\/www.chmafm.com\/welcome\/wp-content\/uploads\/2024\/03\/IMG_3401-768x576.jpeg 768w\" \/><figcaption class=\"wp-element-caption\">The Vogue Cinema in downtown Sackville, NB.  Photo: Erica Butler<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">The Vogue Cinema is headed for tax sale this January, unless owner Jeff Coates can make good on nearly $70,000 in back taxes owed to the provincial government.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The provincial Finance and Treasury Board posted an Expression of Interest on the property at 9 Bridge Street in an attempt to contact Coates.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large is-resized\"><img decoding=\"async\" width=\"960\" height=\"1280\" sizes=\"(max-width: 960px) 100vw, 960px\" src=\"https:\/\/www.chmafm.com\/welcome\/wp-content\/uploads\/2024\/07\/notice-on-Vogue-July-2024-960x1280.jpg\" alt=\"\" class=\"wp-image-48144\" style=\"width:433px;height:auto\" srcset=\"https:\/\/www.chmafm.com\/welcome\/wp-content\/uploads\/2024\/07\/notice-on-Vogue-July-2024-960x1280.jpg 960w, https:\/\/www.chmafm.com\/welcome\/wp-content\/uploads\/2024\/07\/notice-on-Vogue-July-2024-450x600.jpg 450w, https:\/\/www.chmafm.com\/welcome\/wp-content\/uploads\/2024\/07\/notice-on-Vogue-July-2024-768x1024.jpg 768w, https:\/\/www.chmafm.com\/welcome\/wp-content\/uploads\/2024\/07\/notice-on-Vogue-July-2024-1152x1536.jpg 1152w, https:\/\/www.chmafm.com\/welcome\/wp-content\/uploads\/2024\/07\/notice-on-Vogue-July-2024-scaled.jpg 1920w\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">A tax certificate from the board shows that Coates\u2019 numbered company owes $69,236.37 in unpaid taxes as of this month. The 2024 tax levy on the property was $7,509.79.  <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">At tax sale, the bidding on the building will start with the amount owing to the province. The earliest the theatre could go up for sale would be January 2025. Before that, the property will continue to accrue taxes and fees, meaning the minimum bid could be closer to $78,000 by the time it goes up for sale.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">But any liens on the property will be dissolved by the tax sale. That means that more than $65,000 in debt owed to the Canada Revenue Agency could disappear. The debt was registered against the property in 2022, and dates back to money owed as of 2017, according to registration documents available through Service New Brunswick.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Coates\u2019 numbered company is also the subject of a bankruptcy filing by the Westmoreland Albert Community Business Development Corporation, who say Coates owes them about $76,000.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">On June 4, the Court of King\u2019s Bench ruled the company bankrupt, after a hearing where Coates did not appear. BDO Canada has been appointed trustee for the bankrupt company.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Coates, who ran the cinema for 17 years and worked there for a decade before that, has not returned emails enquiring about the status of the beloved cinema and venue.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Vogue Cinema is headed for tax sale this January, unless owner Jeff Coates can make good on nearly $70,000 in back taxes owed to the provincial government. The provincial [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":42131,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_tec_requires_first_save":true,"_EventAllDay":false,"_EventTimezone":"","_EventStartDate":"","_EventEndDate":"","_EventStartDateUTC":"","_EventEndDateUTC":"","_EventShowMap":false,"_EventShowMapLink":false,"_EventURL":"","_EventCost":"","_EventCostDescription":"","_EventCurrencySymbol":"","_EventCurrencyCode":"","_EventCurrencyPosition":"","_EventDateTimeSeparator":"","_EventTimeRangeSeparator":"","_EventOrganizerID":[],"_EventVenueID":[],"_OrganizerEmail":"","_OrganizerPhone":"","_OrganizerWebsite":"","_VenueAddress":"","_VenueCity":"","_VenueCountry":"","_VenueProvince":"","_VenueState":"","_VenueZip":"","_VenuePhone":"","_VenueURL":"","_VenueStateProvince":"","_VenueLat":"","_VenueLng":"","_VenueShowMap":false,"_VenueShowMapLink":false,"_tribe_blocks_recurrence_rules":"","_tribe_blocks_recurrence_description":"","_tribe_blocks_recurrence_exclusions":"","footnotes":""},"categories":[472,492,482,558],"tags":[893,1206],"class_list":["post-48140","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-daily-news","category-front-page","category-weekly","tag-local-business","tag-vogue-cinema"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Vogue Cinema on course for tax sale in January, with nearly $70k in taxes owed &#187; 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