Amphitheater Bids Didn't Add Up to a Sale
The biting cold moved the auction off the courthouse steps, but didn't seem to cool the bidding. The bids for Stoneridge Amphitheater started at $1,000 but the price quickly shot up. Sensing defeat, some started to leave. But wait, they were leaving too soon. That's because Jim High, the auction's highest bidder, did not realize this sale came with an extra price.
"This sale did not take care of the tax lien, which was a $400,000 tax lien," Sheriff John Page says.
High won the auction with a bid of $425,000 but with back taxes, the price tag was marked up to more than $800,000. A number too high for High.
The Stoneridge Amphitheater has been closed longer than it's been open. It's been a burden to Camden County for the past decade. But prospective buyers are hopeful that because of the area's growth, a newly renovated amphitheater would flourish.
"I think it could work, ten years after it started, I think enough people are down here now, it could be, it could work," Camdenton businessman Rick Jackson says.
Jackson was the second highest bidder. He says he wants to buy the property for the price at the beginning of his haggling with high.
"No, I think it ought to go back to when me and him started fighting," Jackson says.
Other bidders want a new auction altogether. For now, the fate of Stoneridge lies with attorneys, who will decide the next step. Sheriff Page says the amphitheater will most likely be sold at another auction.