Oakland Movie Palace rivals to compete
OAKLAND, CA — With the reopening of the the long closed Fox Theatre next year, many eyes are turned toward the future of the aging Paramount Theatre. In a controversy sure to be envied by many of us, what’s a city to do with two refurbished, large-scale movie palaces?
Still, the Paramount’s future may not be so secure. The aging building is in dire need of a new roof, an exterior paint job, and hazardous materials removal — repairs estimated around $1 million. And there’s discussion about increasing the depth of the stage to accommodate more Broadway-type shows, plays, and musicals. “Our bottom line being near the break-even level, only a few things have to happen and we could see losses again,” says board president Tom Hart.
One thing sure to happen is the opening of the Fox Theater in late 2008. The $58 million renovation of the long-slumbering venue, also a city-owned facility, is raising concerns about competition between the two facilities. The Fox’s maximum capacity of more than 3,000 people will be on par with the Paramount’s 3,040. The non-union Fox will be operated by a successful concert promoter, Another Planet Entertainment.
Read the full story at the East Bay Express.