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Update: Theater Negotiates New Start

Glen Cove Cinemas' negotiations with local bank stalled.

Glen Cove Cinemas, a city landmark for more than two decades, has temporarily closed its doors and is asking for the City's help to restart talks with a local bank.

The Cinema's operator approached the City asking for assistance over a refinancing deal that would keep the doors open as a theater.

Meanwhile, Mayor Ralph Souzzi said the City has tried to help the owners and is still involved. Suozzi said he plans to meet with them and a representative of First Central Savings Bank Wednesday.

"We don't want to see this theater closed," said Suozzi.

The Glen Cove Industrial Development Agency (IDA) came up with a proposed solution, said IDA executive director Kelly Morris. 

The theater's general manager, Jim Bethune, said renovation plans have been in the works for some time, including new carpets and seats, as well as a conversion to a digital operation as the movie industry phases out film. 

The theater hopes to have the equipment ordered next week, Bethune said, but that won't happen unless the issue with the bank is resolved.

The theater closed Sunday due to technical difficulties.

The operator said he hopes to reopen in time for weekend crowds Friday, pending successful negotiations with the bank.

Bethune said the renovations are hoped to bring increased business to the struggling independently owned theater, which hopes to increase ticket-buyers as the operation goes digital.

Donna Familetti Hopkins March 25, 2013 at 02:08 PM
Hopefully the theather will be open again soon.
sloflo March 25, 2013 at 03:03 PM
My friends and I enjoy going to the Glen Cove theater on Saturday nights and have never had a problem. It's close by and convenient. What we do object to is the run down condition of the property, especially the bathrooms. Let's hope the negotiations go well and the theater re-opens soon.
robert April 05, 2013 at 03:25 PM
A few things... 1. Amateur Editor's Note- Ford's theater is a landmark. Grand Central Station is a landmark. Saint Patrick's Church is a landmark. A filthy movie theater that opened in 1990 is not a landmark. I mean, I guess it was personally significant when I saw Teenage Mutant Ninja Turtles there in 1990, but I believe I would a hard time selling the New York Conservancy on the broader historical significance of this event. 2. The IDA is a publicly funded agency. What is the wisdom of issuing public funds to a theater that has offered substandard service for the better part of a decade? Expecting a few expensive renovations to fix the fact that the business model sucks? It seems as if the taxpayers of New York voted with their feet in the marketplace when they stopped going to this place. The city should be recruiting operators, not bailing out bad businesses. They'll be back asking for more in five years. 3. You don't like the kids in front of Starbucks? I don't know what to tell you. There's nothing else for them to do. If you grew up in Glen Cove in the last twenty years you'd know that. Movie theater and Starbucks. 4. This seems like a desperate attempt to stave off the inevitable closure of yet another property in an increasingly blighted downtown. How much more is it going to cost the taxpayers of New York for the City of Glen Cove to look moderately presentable?
Micah Danney April 18, 2013 at 05:30 PM
"Landmark" is used here to refer to the theater's sense of import to the community rather than to suggest historical significance. As the only local movie theater, it is one of the major remaining draws of the city's downtown.
Dave Kliman April 26, 2013 at 09:06 PM
The theater is indeed a landmark, in spite of robert's polemic. I'm looking forward to its upgrade and return.

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