Centerton Building Saved From Foreclosure

Community fundraiser raises $700,000 to halt foreclosure of historic wedding venue

Mar. 10, 2026 at 5:54pm

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A downtown Centerton building housing The Ravington wedding and events venue has been saved from foreclosure after a community fundraiser raised nearly $700,000 to pay off liens, judgments, and back taxes. The plan is to create a community-owned venue for live music, weddings, and cultural events by relocating the Meteor Guitar Gallery to the building.

Why it matters

The preservation of this historic building and its transition to community ownership represents an important victory for Centerton's downtown revitalization efforts, ensuring the continuation of a popular wedding and events venue while also creating a new hub for local music and culture.

The details

The fundraiser, led by a group of operators, investors, and community leaders, was able to stop the foreclosure process 'just in the nick of time.' The multi-phase project includes renovations to the building, such as adding a bar and kitchen, code and safety upgrades, and working with the city to improve pedestrian safety. Once the current wedding contracts are stabilized, the group plans to consult with legal counsel on establishing a community-owned structure for the venue.

  • The fundraiser raised nearly $700,000 to stop the foreclosure process.
  • Every wedding scheduled at the venue will be preserved.

The players

The Ravington

A wedding and events venue located in the downtown Centerton building at 293 N. Main St.

Meteor Guitar Gallery

A music venue that was formerly located in downtown Bentonville and will be relocating to the Centerton building as 'The Meteor @ The Ravington.'

Beth Day

Executive broker at The Brandon Group Real Estate and a lead organizer on the project to save the Centerton building.

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What they’re saying

“It took a total of just under $700,000 to stop the foreclosure, pay liens, judgments, back taxes and closing costs. This was done through a combination of a few community patrons and a bridge loan.”

— Beth Day, Executive broker, The Brandon Group Real Estate

“Once we have stabilized the current wedding contracts, we will be consulting with legal counsel about how we can build out a community-owned structure.”

— Beth Day, Executive broker, The Brandon Group Real Estate

What’s next

The group plans to begin filling the calendar with music, community events, and more weddings while they work on the building renovations and establishing a community-owned structure for the venue.

The takeaway

This successful community fundraising effort to save a historic downtown building and transition it to community ownership represents an inspiring model for other small towns looking to preserve their local character and culture in the face of economic challenges.