A renovated theater along South Broadway in Denver’s Platt Park neighborhood is in foreclosure, but an owner says he’ll be able to pay off the bank.

The Jewel Theater building at 1912 S. Broadway was built a century ago and was home to a climbing gym for a quarter-century, until early 2018. In December of that year, real estate attorney Doug Norberg and business partner Paul Yaft bought it for $1.6 million and undertook renovations.

“We spent a bunch of money fixing broken and missing plaster and redoing flooring and fixing brick and stuff,” Norberg said last week. “We really tried to restore it to its former glory.”

Along the way, in September 2022, the pair took out a $2.3 million loan on the building and its adjacent parking lot from Bank of Denver.

Norberg said they had a great rel

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