Overview

• The court mandated the sale of the Texas Renaissance Festival property and assets under the original $60 million agreement signed in April 2023.
• Judge Gary Chaney awarded the plaintiffs over $22 million in damages and $1 million in legal fees after ruling against founder George Coulam.
• The lawsuit, filed in August 2023, alleged that Coulam failed to provide required documents and did not close the sale by the agreed-upon deadline.
• Coulam denied the allegations, claiming the contract was invalid and that the plaintiffs had not fulfilled their obligations to close the deal.
• Festival officials assured the public that operations will continue uninterrupted for the 2025 season, emphasizing their commitment to delivering a vibrant experience for attendees.