The Brooklyn Lyceum, the quirky performance space and former public bathhouse on Fourth and President, has gone into foreclosure and it's on the docket to be sold at auction later today.
There's been a multimillion-dollar lien on the property, and the troubled space's current owner, Eric Richmond, had filed several appeals and taken other steps to try to delay or otherwise prevent the foreclosure and had held the auction off for more than a year. Bankruptcy court has ruled against him every time, however, and unless Richmond is able to fork over more than $5 million (something which would have already happened were it going to), nothing will stop the auction at 2:30 this afternoon.
According to the official documentation, the lien is for $5.05 million, and the Lyceum will be sold to the highest bidder. The next owner of the building will obviously have a big impact on its future, and events in the space have already been planned for later this year. Stay tuned for updates.