Duluth fails to support Omnimax Theater
DULUTH, MN — The Duluth Omnimax Theater has lost money for at least the past four years and the Duluth Entertainment Convention Center will probably turn the Omnimax into a Hockey Hall of Fame when the lease is up in 2011.
The theater drew large audiences during the first two months it was open in 1996, but then attendance fell well below expectations. During the last four years, the Omnimax has rung up a debt of over $200,000.
The director of the DECC noted that Duluth probably isn’t big enough to support a full IMAX theater and that it’s just hanging on.
IMAX Corp. itself is experiencing difficulty as its stock price fell by half from $6.50 to $3.50 last September. IMAX lost another $2.1 million in the third quarter.
Read more in the Post Bulletin.