The Northeast Times reports that Frankford Associates has had to walk away from the deal to purchase the Art Holiday property. The story in the Times details the business reasons why that decision was made. So where does that leave us?
We had that blight on the neighborhood for years thanks to the present owners Cinema Art Theaters who have owned it since 1979. According to the Secretary of State of the Commonwealth of Pennsylvania, the corporation was created in 1968. The corporation is headquartered in Narberth. The officer of the corporation listed an address in Rosemont.
It is time to put them on notice, Frankford will not be screwed again.