Palace Theatre sues Wrecktangle for $1.6M
The Palace Theatre's operators have sued Wrecktangle Pizza in Hennepin County District Court, alleging the company owes more than $1.6 million on a loan tied to their short-lived joint venture, Wrestaurant at the Palace, which opened in 2023 and closed a year later amid water damage. Wrecktangle's response admits no payments were made but counters that the Palace failed to dissolve the joint LLC, is using joint-owned equipment for the new Palace Pub without crediting Wrecktangle, and disputes the claims; both sides tentatively agreed to a November 2026 trial if no settlement is reached.
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📌 Key Facts
- Palace Theatre owned 51% of the restaurant venture; Wrecktangle 49%
- Palace says it fronted about $3.3M in startup/operating costs and is owed >$1.65M with interest/fees
- Wrecktangle co‑owner Alex Rogers personally guaranteed the loan, per filings
- Wrecktangle’s counter‑filing alleges improper dissolution, continued use of joint equipment at the Palace Pub, and lack of financial crediting
- Trial is tentatively set for November 2026 absent a settlement
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November 22, 2025