Overview

• AGDP Holding’s petition filed in Delaware on August 4 lists roughly $155.3 million in funded secured debt obligations tied to its Brooklyn entertainment complex.
• Brooklyn Mirage will stay closed for the entire 2025 season after failed permit inspections and multiple reopening delays undermined ticket sales.
• Gary Richards took over as CEO in June, replacing Josh Wyatt to guide Avant Gardner through stabilization and restructuring efforts.
• The company has secured a stalking-horse purchase agreement for part of its East Williamsburg property and plans a competitive auction for remaining assets.
• Great Hall and Kings Hall venues will remain open and operational throughout the Chapter 11 process to preserve revenue and community engagement.