After Stax Records was forced into involuntary bankruptcy and closed in 1976, the Stax studio was sold by the Union Planters Bank for $10.00 to Southside Church of God in Christ, located nearby on McLemore Avenue. The church had plans to use the building as a community center and soup kitchen, which never materialized.
After Stax Records was compelled into involuntary bankruptcy and closed in 1976, the Stax studio was bought by Union Planters Bank for $10.00 to Southside Church of God in Christ, situated nearby on McLemore Avenue. The church had plans to use the building as a community center and soup kitchen, which never came to fruition.