226 N. Tryon Street,
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Opened on March 7, 1927, the Carolina Theatre is located in the heart of downtown Charlotte. In the 1940’s in was operated by Paramount Pictures Inc. through their subsidiary H.F. Kincey.
Despite a successful multi-decade run, including a period as a Cinerama theatre, the Carolina Theatre closed on November 27, 1978, and was damaged by arson in the 1980’s. Many decorative elements of the original interior were removed, but others remain including the (badly damaged) murals. The lobby and entrance portion of the building was demolished recently, but the space from the auditorium to the street was very recently turned into a beautiful mini-park. The building is structurally sound, the exterior has been repaired and repainted.
In April 2013, the city of Charlotte sold the Carolina Theatre for $1.00 to the Foundation for the Carolinas which intends to restore it as a performing arts and community center seating between 1,000 and 1,200. This project, estimated to cost $51,500,000, benefited from a $5,000,000 pledge from the Bank of America on January 28, 2014, to kick-start its fundraising campaign for the restoration. In 2018 Barings Bank gifted $500,000 which completed the $51.5 million requied for the renovations. Construction has begun in renovating the Carolina Theatre with a planned 2020 reopening. A 32-story Intercontinental Hotel will be built on top of the theatre and the new project will be named Belk Place in honor of the Belk family.
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