Brooklyn’s Loews Kings to be restored
BROOKLYN, NY—After years of false starts and rumors, it seems the Loews Kings is finally being rescued. The building is to be restored by Houston-based ACE Theatrical Group, for possible 2014 opening.
A developer has signed an agreement, made a down payment on a $70 million renovation of the Kings and plans to turn it back into a functioning entertainment venue, this time presenting live performances, city officials said Tuesday.
ACE, which has worked on similar restoration projects throughout the country including the Boston Opera House, will soon begin a review and design process expected to take a couple of years. Preliminary plans call for the space to open as soon as 2014, Mr. Pinsky said. The city has committed $50 million to the project, with another $15 million coming in the form of tax credits and $5 million from the developer, which would also be responsible for any extra spending, said Mr. Pinsky.
Read full article in the New York Times.