Boyd renovations on hold
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reincarnate the sumptuous but shuttered Boyd movie palace as a first-class venue for big, traveling Broadway shows, has withdrawn its construction crews and is reconsidering the project, a company spokesman confirmed yesterday.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.