MovieTowne seizure linked to $10M rental arrears

Anna-Lisa Paul and Jesse Ramdeo

The move taken by the Port of Spain Infrastructure Company to take over the premises of Movietowne, Port-of-Spain through bailiffs, is in a bid to collect over $10 million in rental arrears, sources at the scene have told Guardian Media.

Guardian Media has been told that the amount accrued during the period 2021 to present.

Bailiffs arrived at the Invader’s Bay location at Mucurapo around 10 am and proceeded to lock down the administrative office and banquet hall.

Guardian Media understands that Movietowne’s executive has a grace period to make necessary payments and rectify the situation.
This is a developing story.

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