Reseda Theater Redevelopment
The Los Angeles Community Redevelopment Agency is buying the 350-seat Reseda Theater as a linchpin for suburban renewal at Sherman Way and Reseda Boulevard, according to a report in the Los Angeles Daily News.
And at least two community groups have expressed interest in relighting the vintage neighborhood marquee that for decades drew lines around the block for top movie hits.
“I would love to see this made into a performing arts space,” said Leslie Lambert, program manager for the Los Angeles CRA offices in Reseda and Canoga Park. “It’s the center of the business district, the center of streetscapes and facade (programs).
“That block has been going downhill for years, and I think that the theater has something to do with it.”
After 15 years of no shows at the Reseda, the LACRA is now in escrow to purchase the theater for an undisclosed amount exceeding $1 million.
The CRA has received more than a half-dozen letters of interest to develop the property. Next month, the agency will put out requests for proposals for performing arts or retail space.
Preservationists say the theater, opened in 1948 and designed by renowned movie-house architect Charles Lee, is worth saving as a showcase for historic films and a legacy to San Fernando Valley moviemaking.