Saw this pop up as I was browsing local news this morning.
In a statement, Blacksburg APF Partners said over the past several months, it noticed "a significant failure on the part of Frank Theatres to meet its obligations under their lease."
Blacksburg APF Partners has initiated legal proceedings against Frank Theatres, according to the release although the group said it could not go into further details in the proceedings.
Personally, I went to Franks about once every other week. I'd catch a movie on Tuesdays with the reduced rate and would hit up the bar and occasionally grab food, as well. I'm shocked by this and disappointed that the only reason I had left for going to First & Main won't be there anymore.
Link to WSLS story: https://www.wsls.com/news/owners-of-blacksburg-first-main-sever-ties-wit...