Boyd renovations on hold
posted by Michael Zoldessy on September 19, 2006 at 5:05 am
PHILADELPHIA, PA — Here’s some more news regarding Live Nation pulling the plug on restoring the Boyd Theatre. As mentioned in the interview posted the other week, the Boyd looks to be in trouble again.
Live Nation, the national media company that promised to reincarnate the sumptuous but shuttered Boyd movie palace as a first-class venue for big, traveling Broadway shows, has withdrawn its construction crews and is reconsidering the project, a company spokesman confirmed yesterday.
Live Nation apparently decided to shut down the project because construction costs on the Chestnut Street theater have risen at an alarming pace, said Duane Bumb, deputy director of the city’s Commerce Department.
For more, visit the Philadelphia Inquirer.
Friends of the Boyd continue to volunteer to ensure the Boyd will be restored and reopened. We thank people for their ongoing support, and urge all to visit our website, www.FriendsOfTheBoyd.org
Philadelphia can lose its last surviving downtown movie palace, a great Art Deco showplace!
I meant to write that “Philadelphia cannot lose…..” as in we cannot afford to lose!
This is unfortunate news. At the risk of being snippy, it seems a bit bush league that they didn’t have a clear understanding of the project from the beginning.