The bankruptcy auction for the shuttered Surflight Theatre yielded a high bid of $2 million, which is below the amount of secured debt on the property. The highest bidder also hasn’t said what he would do with the property should his bid get accepted.

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NJTV News with Mary Alice Williams is a week-nightly news program on NJTV covering local New Jersey news as well as a multi-platform, local information source for New Jersey. Be sure to share with us your story ideas, feedback and tips about news in your neighborhood here: http://bit.ly/1GnSEtn NJTV News with Mary Alice Williams airs every weeknight at 6, 7:30 and 11 p.m. ET on NJTV.