(May 19, 2008)—Community Bank & Trust has foreclosed on Holze Music Company’s flagship store at 1210 Lake Air Dr. in Waco and the store could be sold at auction if the owners don’t pay what they owe.
It’s the latest setback for the struggling business, whose doors have been closed since May 2 when the Texas Comptroller’s Office seized Holze’s Waco store for failure to pay an outstanding $170,000 sales tax liability.
Holze also has stores in Temple, Killeen, Bryan, Frisco, Lewisville, Plano, Round Rock and Houston.
Those were not directly affected by the seizure, but were forced to close until Holze’s sales tax certificate is restored.
The problems could affect hundreds if not thousands of Central Texas band students and dozens of area schools.
Holze is the principal source of rented and rent-to-purchase band instruments in the region and the sole source of sheet music for many area school districts.
The store has been in business for more than 70 years in Waco.
A posting Monday on its Internet site said, “Watch this website to see which of our locations will reopen in your area.”
Click Here For Holze Web Site
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