The Miami Contemporary Dance Company has filed for bankruptcy 15 years after it was founded, claiming it has just $3,295 left in the bank but debts of at least $89,000 to 29 creditors, mostly ballet performers and its founder and artistic director, Ray Sullivan.
The MCDC, which had grown into South Florida’s most prominent modern dance troupe, admits in its Chapter 7 filing that it owes $15,816 to Sullivan; $11,500 to former company manager Alejandro Bahia; $18,000 to real estate rental company Menada Inc.; and $29,500 to Quarter Company, which took care of some of the troupe’s business functions.
Also owed cash are dancers Asami Tomida, Chloe Slade and Chloe Freytag, among others.
The bankruptcy court has ordered a meeting of the creditors for Feb. 29.
Never miss a local story.
The MCDC was abruptly disbanded in August, in the middle of the season with performances looming, after Sullivan received a letter from the troupe’s board announcing it could no longer pay him.
The Chapter 7 papers show last year’s MCDC budget hovered around $630,000, $400,000 more than the previous year.
Sullivan told the Miami Herald when he was canned that the company had no staff for fundraising and lost its executive director.
When told of the filing, Sullivan said he had no idea it happened but wasn’t surprised.
“Dance as an art form has a lot of challenges in maintaining financial stability,” Sullivan said. “I don’t find it shocking, but I’m concerned. There are so many talented people in the community.”
BIG HOUSE FOR SALE
A single-family South Florida property with a total of 33 bedrooms and 34 bathrooms on a property with more than a thousand feet of barrier island and Intracoastal waterfront hit the real estate market Thursday with a price tag of $195 million.
Gemini, the 16-acre estate of the billionaire family of deceased magazine publisher William B. Ziff Jr., was listed for the first time after several attempts at a private sale.
With publisher Hugh Hefner’s Playboy mansion near Los Angeles listed for $200 million, the Manalapan property is the country’s second most expensive single-family property.
Hidden from view by walls of sea grapes, the property straddles both sides of A1A through underground and above-ground passages.
There’s also a PGA-standard golf area, a sports complex, a bird sanctuary and a butterfly garden.
The property includes five houses, including a 12-bedroom Mediterranean-style main residence designed during World War II architect Marion Sims Wyeth, a seven-bedroom guesthouse, two seaside cottages and a property manager’s house. Total: 85,000 square feet of living space!
The property is now controlled by brothers Dirk Ziff, Robert Ziff and Daniel Ziff. The family bought the property in 1985 for $5 million, records show.
Lead-footed Larsa Pippen, 41, the former Real Housewives of Miami wife of NBA legend Scottie Pippen, couldn’t talk or smile her way out of a traffic ticket Dec. 28 in Fort Lauderdale.
She pleaded not guilty to driving her 2015 Maserati 44 mph in a 30 mph zone downtown.
Larsa has a Feb. 18 date before a Broward County traffic magistrate to talk it over.