Steeltown changes

September 23, 1991|By Eric Siegel

Steeltown, the Dundalk entertainment complex that filed for Chapter 11 bankruptcy last month, is no longer booking national musical acts in an effort to cut costs, says general manager Larry Milburn.

The club, which opened to a good deal of fanfare in May, last week also canceled its contract with its advertising and public relations representative to further trim expenses and replaced its day-to-day manager, Mr. Milburn said.

But he insisted the North Point Boulevard venue -- which includes a sports bar, restaurant and concert stage -- was "absolutely not" on the verge of shutting its doors.

"The message [in these changes] is that we want to be financially stable and we're doing things to assure that stability," said Mr. Milburn, who added the club would book regional bands while attempting to boost its food operation.

Steeltown recently canceled shows by the Village People and the Mighty Lemon Drops. Mr. Milburn said he hopes to resume booking some national acts at the end of next month.

In its Aug. 9 bankruptcy petition seeking protection from creditors, the club listed assets of $437,000 and liabilities of $1.1 million. The first meeting between representatives of the club and creditors before a court-appointed trustee is scheduled for this afternoon.

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