Drexel Theatre acquired by not-for-profit group; will be managed by CAPA
BEXLEY, OH — The 1937 Drexel Theatre has beeen purchased by a not-for-profit organization, New Drexel, Inc. from Jeff Frank who has owned the theater for the past three decades. The triplex will now be managed by the Columbus Association for the Performing Arts (CAPA), which also manages many of the city’s prime performing arts centers, including three former movie palaces, the Ohio, Palace, and Southern theaters. Frank shall remain as the theater’s manager and existing employees will be retained.
Friends of the Drexel, an organization formed in 2009 to help save the struggling business, owns the three-screen theater – known for its art-house and specialty programming – as of Tuesday.
As part of the deal, the Drexel is being managed by the Columbus Association for the Performing Arts – which handles the accounting, marketing, programming and development.
Read more in the Columbus Dispatch.