Company News

The Georgetown Closes Amid Foreclosure, $200K in Debts

BOARDMAN, Ohio – After 45 years in business, The Georgetown banquet center has closed, owner Mark Primavera announced today on the company’s Facebook page.

“The time has come for a new chapter in our lives,” the post says. “It is time for my father to retire and for me to embark on a new challenge. We cherish all the memories that we have shared with you over these many years. We are grateful for the support you have given us for nearly half a century.”

Primavera could not be reached for comment. His announcement comes amid a foreclosure complaint involving the Mahoning County Treasurer, Home Savings Bank and the Ohio Department of Taxation that adds up to nearly $200,000 in mortgage and tax debts.

The Georgetown property, 5943 South Ave., is valued at $710,170, according to the Mahoning County Auditor’s office and has delinquent taxes of $65,577.75, along with its annual tax of $20,613.97. The last tax payment was made in May 2017.

Mahoning County Treasurer Daniel R. Yemma filed a foreclosure complaint Oct. 15 that noted Home Savings Bank holds a mortgage on the property. The bank subsequently stated in court documents that as of Oct. 21, The Georgetown Inc. owes Home Savings $125,631.61 in principal, $2,019.81 in interest through Oct. 21 and late charges in the amount of $1,584.60.

The Ohio Department of Taxation also has a claim on the property, according to court documents, and is seeking delinquent sales taxes plus accrued interest be paid from any proceeds derived from any sale of the property.

The case docket shows legal documents could not be served on the owners of The Georgetown. Most recently, Feb. 11, notice of an upcoming hearing was sent via mail.

The banquet business opened New Year’s Eve 1975 and was operated by brothers Rich and Gene Primavera, who is Mark’s father. It has operated at its site on South Avenue since 2001. The banquet hall has completed all of its booked events, Mark Primavera said in his post. 

Primavera said he plans to fully devote himself to Armida’s Cucina, his concession and wholesale food manufacturing and distributing company. 

“Our family and dedicated employees worked hard to provide the best food and service possible and to treat every client like they were a member of our family,” Primavera stated.  

Armida’s will cater to private functions and large events such as the Canfield Fair, its website says.

Copyright 2020 The Business Journal, Youngstown, Ohio.