Greg Roach's Berkshires Blog: Fin

Tuesday, October 13, 2009

Fin

Tammy gets the scoop on the Movie Theaters closing:

The parent corporation of Movieplex 8 abruptly closed the city cinemas and eight others on Tuesday and plans to declare bankruptcy.

Although I find the second-hand quotes from Neil Ellis puzzling. I can't say I've ever heard of a real estate developer operating theaters themselves. Maybe... but it sounds like happy talk.

There are lots of other rumors out there, but I'll wait to see. This economy is a bear.

¶ 8:28 PM

Comments:

i can say that when the theater was being built that cinema north had some financial issues. at that time ellis was going to boot them and take over the operation himself.

ctrem

# posted by

Anonymous : 8:55 PM

I've heard that before. Their Rutland cinema was in lots of trouble, too, because they couldn't make rent. I wasn't able to get hold of Ellis to confirm what the mayor was saying but Jen talked to him that morning.

Ellis will just hire a manager or company to take it over.

# posted by

Tammy : 11:28 PM