Village Plaza 5

CHARLOTTE, NC – July 30, 2003 - Eastern Federal Corporation, a Charlotte, NC based movie theater circuit and one of the leading regional exhibitors in the country, is pleased to announce the first phases of the reconstruction of the Village Plaza Theater in Chapel Hill, NC. The existing Village Plaza theater will close July 31, and - together with the adjacent retail shops - will be demolished shortly thereafter to make way for Chapel Hill’s newest & largest theater. Depending on government approvals and construction schedule, the brand new Plaza Stadium 10 is slated to open in summer 2004.

The current Plaza theater debuted in 1970 as a twin theater, was expanded to a triple in 1973, and then converted to its current five-screen format in 1996. The Plaza’s heyday had long since passed, however, as newer movie theaters opened in Chapel Hill and in neighboring Durham.

Here is a 2002 article that discusses closure of the Plaza:
http://tinyurl.com/26y45u

Lots of bureaucratese from 2003:
http://tinyurl.com/2zwqtx

The Village Plaza Theatre was a Chapel Hill landmark for 33 years from 1970 until 2003. Located at the corner of Elliott Road and East Franklin Street in the Village Plaza Shopping Center. The theatre opened in 1970 as a twin cinema,a third auditorium was added in 1973,making it a triplex. Two more auditoriums were added in the late 1980's-early 1990's until its demise in 2003.

Owned and operated by Eastern Federal Corporation.