Franklin Cinema to close?
Franklin Cinema building owner Mark Bloom says rising building values and increased property taxes could keep theater owners Joe Bankemper and David Temple from renegotiating their contract on the Main Street movie house when it expires in December.
“As of December, Franklin Cinema will probably be no more,” Bloom said. “I have talked to the cinema operators, and they do not feel it’s economically feasible to move forward in operating based on escalating rents.”
Bankemper and Temple say they’d like to continue operating the 70-year-old, two-screen theater, but can’t pay any more in rent.
Also, Cinema Treasures was contacted for this story… and Ross has a nice quote at the end, reminding people why it’s important to save theaters like the Franklin.