The lights may also go out on the Chelsea Theatre
CHAPEL HILL, NC — Rumors have been speculating that owner Bruce Stone is also putting on sale another independent owned and operated Chapel Hill movie house… the Chelsea,which is an independent three screen cinema located at 1129 Weaver Dairy Road in the Timberlyne Shopping Center in the Northern section of Chapel Hill.
The Chelsea is the second independent arthouse cinema operating in the greater Chapel Hill area. It was originally a twin cinema when it opened in 1998,but somewhere in the late 1990’s,a third screen was added. This was a cinema that showcased a lot of independent films as well as foreign released and first-run features.
Last week, owner Bruce Stone, who had already said he wants to sell the Franklin Street theater, confirmed he is also trying to sell his three-screen Chelsea Theater in Timberlyne shopping center.
“It would be a package deal,” he said.
Times are tough and getting tougher, Stone said.
More on this story at the Chapel Hill News.