The owners of Twisted J Apparel are reportedly no longer interested in buying Lone Star Arena.
For months, Cody and Luann Johnson have been involved in the possible purchase of the struggling rodeo event center on Hwy. 377.
The Johnsons have said the sale was contingent upon a feasibility study. But after months of haggling and seeking financial assistance to get the facility operational again, the couple issued a statement Tuesday saying they will no longer pursue its purchase, saying the renovations would cost more than they expected, and financial support was unavailable.
As lifelong residents of the Stephenville area, they are disappointed that Lone Star Arena may close.
Source: Local News