Majestic Crest opposes landmarking
LOS ANGELES, CA — The Majestic Crest Theatre was the subject of a discussion at the Westwood Holmby Homeowners Association meeting last week.
Apparently, the Association sent a letter to the City Cultural Heritage Association inquiring on the landmark status of the building. The owner of the theatre, Robert Bucksbaum, is very opposed to pursuing the landmark route because it would eliminate the possibility of him ever being able to sell it and force him to close it in a matter of the months.
As reported here last year, the owner was looking for a new owner to sell the theatre to under the condition that it would be leased back to him for cinema usage. That never materialized because no prospective buyer was on board 100% in maintaining it as a neighborhood theater with all that goes along with it.
Ever since Bucksbaum purchased the theatre five years ago, he’s poured millions of dollars into it to make it an absolute palace in addition to being one of the last independently owned and operated first run single screen theaters in all of Los Angeles. Take a look at the great page on it on Cinema Sightlines to see what I mean if you haven’t had the pleasure of taking in a film there.