The future of Teddy Riley's Future Records Studios isn't so good.
The famed
According to reports, it will probably be this week when officials will know what caused the blaze that gutted the Guy and Blackstreet member's studio located on Virginia Beach Blvd.
Battalion Chief David Hutcheson, a spokesman for the Virginia Beach Fire Department, said investigators will determine where and how the fire started, and whether a lightning strike, electrical problem or arson was responsible for the destruction of the defunct recording studio.
"When it's destroyed as much as that was, that ca
n be difficult," Hutcheson said.
Riley's studio had been on the selling block at the time of the fire. The owner of the property, Dunkirk Properties LLC, owes more than $18,000 in back taxes, according to the city treasurer's office.
The company is linked to former Beach attorney Troy Titus, whose law license was revoked in 2005 after he bounced checks worth $3.3 million.
The fire happened in the wee hours of the morning and was reported shortly before 5 a.m. when a passerby near
It took local firefighters about 40 minutes to get the blaze under subjection.
In February, lawyers agreed to seek a buyer for the studio, which one described as functional
Riley, who was honored in 2007 at the 'Vh1 Hip Hop Honors,' made a plea to bidders to purchase the studio and maintain it because of its history. The 3,300-square-foot studio had lounges, leather furniture and modern fixtures and opened in 1991.
The once sought-after producer, who has penned hits for the likes of Michael Jackson, Mary J. Blige, SWV, Joe and Jay-Z, has been plagued with financial and legal problems.
He filed for bankruptcy in 2002 but still owed the Internal Revenue Service about $1 million in unpaid taxe
His home in Church Point was sold in 2006 for $1.5 million. The proceeds were used to pay tax debts.
The auction was designed to help pay off a $700,000 loan against the studio that Riley later defaulted on.
Riley has had a career resurgence as of late, producing hits for Snoop Dogg and Keith Sweat.
even though the equipment was no longer state of the art. Late last month, an auction for the property was held, but no one met the opening bid of $500,000.
s.


Comments: (21)
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By: Kiwi on 7/02/2008 7:17AM
Very intentional.
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By: Kiwi on 7/02/2008 7:20AM
Dunkirk Properties, should I add. Either way, who cares.
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By: Renee on 7/02/2008 10:16AM
I don't know why all these stars take their money and buy ridiculous stuff, buy within reason, why does everything have to cost a million or better. Look what happens when the by outside their means, they do what ever it takes to get out of serious debt. Now I'm not saying that the fire was intentional, but it sure looks that way. Instead of living large live realistically.
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By: Maceo on 7/02/2008 11:01AM
Looks Like He was strung out at the awards show...
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By: NA-NA-BOO-BOO on 7/02/2008 11:57AM
(YAWN)...HO-HUM....IS HE THE X HUB OF THAT "PAYABLE-TO-PEBBLES" WOMAN THAT WAS MARRIED TO EDDIE MURPHY FOR ABOUT 2 WEEKS?? SHE'LL PROBABLY RECEIVE A CHUNK OF THE INSURANCE MONEY UNLESS THE FIRE WAS INTENDED ARSON. YANNO?
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By: Tyra on 7/02/2008 1:17PM
Hell yeah that fire was intentional! See Teddy, God don't like ugly, he cheated all of his groups out of money; now look what happend, you setting fires to pay your debt. That goes to show when your on top theres nowhere to go but down!
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By: shonnie on 7/02/2008 1:37PM
God BLESS ,HIS MUSIC GIVE MY CHILDHOOD SOME OF MY BEST MEMORIES.SO DONT BE SO NEGATIVE
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By: jelando on 7/02/2008 4:20PM
He did it "No Diggity."
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By: jelando on 7/02/2008 4:38PM
Here's the 2008 version of "Rumpshaker" that was written and produced by Teddy Riley:
"All I wanna do is burn my stu stu stu to the gruum gruum!!! All I wanna do is burn my stu stu stu to the gruum gruum!!!
Burn baby burn baby 1234
Burn baby burn baby 123 (yep yep!)
burn baby burn baby 12
burn baby burn baby 1 (yep yep!)"
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By: penisheadtwinkletoes on 7/02/2008 5:14PM
the new jack swing is now the old jack swing
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