4th Avenue Theater at risk?
An opulent movie theater that has been an Anchorage icon for almost 60 years is facing what could be its final drama.
The 4th Avenue Theatre — elegant yet strong enough to withstand North America’s greatest earthquake unscathed — is on the market and could fall victim to the wrecking ball.
Anchorage voters will decide Tuesday whether to authorize issuance of a $2 million (all figures U.S.) bond to help the city pay for the $4 million sought by theater owner Robert Gottstein.
Gottstein, 51, a lifelong Alaskan who grew up watching movies there, said the 40,000-square-foot theater’s survival may depend on finding a buyer.