Threaded Order Chronological Order
| Raising (hopefully not razing) the Palace Theatre | |
| Posted by: TheHarveyBoy 01:48 pm EST 01/16/18 | |
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| They're still looking for $1.3 Billion in order to lift the theatre and put retail underneath: | |
| Link | developers-of-palace-theatre-redevelopment-seeking-1b-in-debt-equity |
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| re: Raising (hopefully not razing) the Palace Theatre | |
| Last Edit: singleticket 03:10 pm EST 01/16/18 | |
| Posted by: singleticket 03:04 pm EST 01/16/18 | |
| In reply to: Raising (hopefully not razing) the Palace Theatre - TheHarveyBoy 01:48 pm EST 01/16/18 | |
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| That's a lot of money to raise. And Fortress, one of the partners, has been in a sticky place and was just bought by a bank. I wouldn't expect developement anytime soon. The only sure thing seems to be the city's green lighting of the project. We love our developers in nyc. I was just in Times Square for the first time in a while and it struck me how much of a brand name retail environment its become. It feels a bit like Herald Square but hipper, younger and richer. |
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| Link | The Fall of Fortress |
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| re: Raising (hopefully not razing) the Palace Theatre | |
| Posted by: keywslt 03:32 pm EST 01/16/18 | |
| In reply to: re: Raising (hopefully not razing) the Palace Theatre - singleticket 03:04 pm EST 01/16/18 | |
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| Row-bere La-pi-deu? Row-bere La-pi-deu? Rob Lepeetus? Anybody else? |
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| the volcano couldn't kick SPongebob out, but construction can | |
| Posted by: dramedy 02:12 pm EST 01/16/18 | |
| In reply to: Raising (hopefully not razing) the Palace Theatre - TheHarveyBoy 01:48 pm EST 01/16/18 | |
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| Fall start date would mean Spongebob has to close next summer--probably not unrealistic with the current grosses under $1M. | |
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| re: the volcano couldn't kick SPongebob out, but construction can | |
| Posted by: MarjorieMae 02:55 pm EST 01/16/18 | |
| In reply to: the volcano couldn't kick SPongebob out, but construction can - dramedy 02:12 pm EST 01/16/18 | |
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| Why can't the show transfer to another theater. | |
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| it could | |
| Posted by: dramedy 03:03 pm EST 01/16/18 | |
| In reply to: re: the volcano couldn't kick SPongebob out, but construction can - MarjorieMae 02:55 pm EST 01/16/18 | |
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| but 99% of shows don't. And it would need a big theater like Marquis or Broadway (King Kong) and probably $1M to cover transfer costs. for a show making under $1M most weeks (except holiday week), it wouldn't be financially prudent to transfer. But not all investors are financially prudent. I just doubt any theater owners would want to rent to the show since its prospects aren't that good for a lease based on percentage of gross. | |
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| re: the volcano couldn't kick SPongebob out, but construction can | |
| Posted by: JereNYC (JereNYC@aol.com) 03:01 pm EST 01/16/18 | |
| In reply to: re: the volcano couldn't kick SPongebob out, but construction can - MarjorieMae 02:55 pm EST 01/16/18 | |
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| I think dramedy's comment about the grosses being under $1M/wk means that he/she thinks that the show isn't making enough money to make a transfer worthwhile. But, if the producers can find a less desirable theatre that might otherwise be dark for the period when they'd need to transfer, anything can happen. |
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| re: the volcano couldn't kick SPongebob out, but construction can | |
| Posted by: NewsGuy 04:59 pm EST 01/16/18 | |
| In reply to: re: the volcano couldn't kick SPongebob out, but construction can - JereNYC 03:01 pm EST 01/16/18 | |
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| Pull the trick Chicago used in the 1990s. Build a new seat at a new, smaller theater, and send the first one out on the road. |
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