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Archive for Thursday, August 30, 1990

COMPANY WANTS TO SELL THEATER

August 30, 1990

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A downtown Lawrence movie theater that has been closed for nine months is up for sale and won't be reopened by the chain that owns it.

The Granada Theatre, 1020 Mass., "will not reopen as a United Artists theater," Blake Fisher, UA's regional operations manager in Denver, said today.

The Granada is one of the Commonwealth theaters, a chain owned by United Artists.

Fisher said that the theater has not been listed but is on the market.

"It is for sale, we just haven't listed it with a local broker yet. We've been really busy around here, and as soon as we get a chance, we'll be contacting local real estate firms," he said.

The Granada has been closed since a boiler broke in the theater in November. Because of low box office sales at the theater, officials delayed repairing the boiler. In the meantime the decision to sell the theater was made.

Commonwealth officials said that single-screen theaters, such as the Granada, aren't as financially competitive as multiscreen movie houses.

In addition to the Granada, Commonwealth also runs the Varsity, Hillcrest and Cinema Twin theaters in Lawrence.

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