All That Chat - re: Will we ever see another "new' Broadway Theater ever again?

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re: Will we ever see another "new' Broadway Theater ever again?

Posted by:	FriendofDorothy 02:33 pm EDT 03/30/14
In reply to:	Will we ever see another "new' Broadway Theater ever again? - Maguire75 12:43 pm EDT 03/30/14

I think the primary factor working against construction of a new theatre (or conversion of an older space back into theatrical service) is the fact that, by and large, the space where a theatre would go would make much more money for the developer as retail space. Same reason why shops and galleries get pushed out of other neighborhoods. Times Square is the most extreme example, because of the superheavy foot traffic. I think the only way new performing space would be added to the Broadway area is as some sort of enhancement to allow a zoning variation (if it were a non-profit theatre) or a as a trade for zoning elsewhere. Plus, there are very few properties in existence with a footprint to build a new Broadway house.

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