Latest Boyd proposal linked to hotel development
PHILADELPHIA, PA — A local developer says he has a deal in place to buy the Boyd Theatre and plans to make it the centerpiece of a $95 million hotel and entertainment complex. Hal Wheeler of ARCWheeler expects to close the deal with current owner Live Nation by November 25, and intends to build a 30-story, 250-room hotel to the west of the theater.
Live Nation would book live entertainment into the theater about 60 nights a year, leaving it available for other events the rest of the time. Broadway-type plays would not be part of the plan, as the hotel would be built on land that was to be the site of a stage house for the Boyd under a previous proposal.
Wheeler’s development proposal, like Live Nation’s earlier plan to turn the Boyd into a Broadway roadhouse, would restore the theater to its original art deco glamour. But the project’s scope is far more ambitious, and aims to transform the 1900 block of Chestnut Street from a retail backwater into a Center City nightlife destination.
Read the full story in the Philadelphia Inquirer .