Rialto to be refurbished
LOS ANGELES, CA — A theater many thought was past the point of no return is set to open up again. The Rialto Theatre in downtown Los Angeles is getting some major investment so it can eventually reopen as a live music venue with a restaurant.
Following the fates of many historic properties affected by the ongoing Bringing Back Broadway initiative, the currently defunct Rialto Theater has found a suitor to boost its low profile on the strip.
(Thanks to teamperks for providing the photo.)
According to an announcement made yesterday, Hollywood-based Longest Marquee LLC has signed a 25-year lease on the structure with plans to spend $6 million on renovations to reopen it as a restaurant/bar/live music venue.
Read more at angelenic.