rio theater for sale

The past year of limited operations and community events has served as a wakeup call that it is time to find new owners for the iconic property so that it has the chance to serve the local region in the best way possible.

But without other buyers knocking down the door, Lea is not feeling any particular pressure; her current lease gives her at least another eight years of operation, even if the building sells.

Especially considering the increased interest and attention the Russian River has seen in recent years. Join the conversation. While the plan now allows for residential development of up to 10 storeys in the immediate area, it also explicitly recognizes the importance of the Rio as a "cultural facility" and requires that any future development take that into account. "[I bought the Rio] to save the theatre," Schein said. The Theater … The Rio Theatre is temporarily closed due to the Covid19 Coronavirus . As of Monday morning, the petition had collected 13,000 signatures. “Everybody seems to be really on the same page where they are just tired of seeing venues lost to development or to the economy,” said Corinne Lea, who runs the theatre. The listing does not currently include an asking price. Vancouver Film School alumnus and Hollywood director Kevin Smith has come forward offering his support to host a fundraiser with the proceeds going towards Lea’s purchase. That's because 2016's updated community plan for Grandview-Woodland limits what can be done with the Broadway site. "The audience definitely shows that that's something they want more of," Lea said. Property sale details can be found here. Oct 17, 2007 — Rio Theater for sale; This theatre was built in 1950 and has somewhat been in operation since.

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Sign up with your email address to receive updates on upcoming events and other news. The Rio community loves to share. Click the link below for photos. In the winter of 2013 a diverse group of Bay Area-based artists and entrepreneurs -inspired by the unique property, incredible location, and stunning natural surroundings -pooled their ideas and resources to purchase the historic Rio Theater in Monte Rio, California. Established in 1996, the website is an international marketplace of businesses for sale. The Rio's recent success is what prompted Schein to list the property for sale in May of 2017. We continue to believe in the amazing potential of this historic and unique property. Jennifer Palma has more on a petition to save the Rio Theatre. Please click to "Confirm Subscription" and then you'll receive our next Rio Newsletter! The future of the Rio Theatre in East Vancouver is under threat after the building was put up for sale. Salvation came in the form of Vancouver theatre magnate Leonard Schein, former owner of the Park, Ridge and Fifth Avenue cinemas, among others. Schein bought the Rio from Lea and company for about $2 million in 2011; Lea retained ownership of the theatre's business operations, and was able to keep the doors open with Schein as the new landlord. "[I bought the Rio] to save the theatre," Schein said.

WATCH: Rio Theatre launches campaign to light up famous sign. "The community genuinely loves this venue and doesn't want to see it go.". "I think the fact that we are succeeding is proof that this building does not need to be torn down. Ultimately, Lea would like to buy the theatre herself, and Schein says he would happily sell it to her.

The #1 Business for Sale Marketplace! But the industry took a nose dive in the following years, and independent theatres across the city began dropping like flies. READ MORE: It is a priority for CBC to create a website that is accessible to all Canadians including people with visual, hearing, motor and cognitive challenges.

the rio goes on sale. The Rio Theatre has undergone major renovation and restoration. Businesses for Sale in 400+ categories and 240+ countries.

Movie Theaters For Sale In Rio Rancho New Mexico. “And I can only imagine how the rest of the community would feel.”. Rio Theatre launches campaign to light up famous sign. But on the eve of her tenth anniversary at the helm of the Rio, she's confident it will remain an East Vancouver institution for years to come. "And it's been saved. Sun. 1000 seats. This may be largely because CBRE have not been actively marketing the property. An historic movie theater, event space and cafe in the heart of the Russian River Valley.

Ontario reports 827 new coronavirus cases, 4 more deaths, Voters return Saskatchewan Party to power for fourth-straight mandate, Here is where Trump, Biden stand in the polls 1 week from U.S. election, Coronavirus vaccine by Oxford-AstraZeneca produces immune response among adults, Disturbing video shows Calgary officer throw handcuffed woman to ground face first, COVID-19: B.C. We are looking for dedicated buyers who believe in the power of film and art and culture to transform lives, and are excited about the opportunity to see the Rio Theater thrive serving as a gathering place for locals and visitors to the Russian River. We just had six sold-out shows, back to back.".

In the winter of 2013 a diverse group of Bay Area-based artists and entrepreneurs -inspired by the unique property, incredible location, and stunning natural surroundings -pooled their ideas and resources to purchase the historic Rio Theater in Monte Rio… The future of the Rio Theatre in East Vancouver is under threat after the building was put up for sale. The theater is closed and had a for sale sign on it.

That’s why staff at the Rio have launched a petition to try to save it. The Press Democrat reports the Rio Theater in Monte Rio is up for sale after being in the hands of a collective ownership for 6 years. Custom made Video Game trailer was purchased new in 2017 for $70,000. “We need to collect as many signatures as possible to demonstrate the community’s support in saving the existing, historical, art-deco venue that we know and love,” reads part of the petition online. While the Rio is doing well, she says she'll still need investor support to make that kind of purchase. In the first years under new ownership the theater received a much-needed deep clean and an overall aesthetic refresh which included new paint and fixtures, new theater seating, updated landscaping, and a refreshed menu at the cafe. Great website and trade name also come with this sale. Interested parties are encouraged to speak with Michelle or Jeff at Santa Rosa Business & Commercial, (707) 529-7446 or (707) 526-1050. This sale comes with a fully stocked video game trailer with 7 Big Screen TVs, 11- Game Consoles, Theater Seating, Cool Lighting, Routers, Brand new A/C units, a new Generator, and a Truck to pull it with. Petition launched to save iconic Vancouver. I’ve long loved the @RioTheatre and would be honored and happy to do a benefit screening/Q&A to raise loot & awareness for the @RioTheatre! Would a Family Day event be too soon?

Its senior vice president, David Ho, said the public pamphlet was only posted recently because the firm has been researching the intricacies of the site and its development potential. cracks down on mass social gatherings as cases break records, Trump vs Biden: How the U.S. election outcome could impact Canada, Saskatchewan election 2020: Scott Moe lays out plans for next term, slams federal carbon tax, On the Trump train: the supporters standing by their man, Saskatchewan Party secures fourth-straight mandate, COVID-19 vaccine in development showing promise in adults, US election: How the electoral college system decides who wins the White House, Rio Theatre launches campaign to light up famous sign.

The historic Rio Theatre on East Broadway has actually been listed for sale for almost a year, but a public marketing pamphlet was posted online Saturday, prompting a flurry of concerned messages to owner and operater Corinne Lea. The Rio Theatre is following the guidance of the Centers for Disease Control and Prevention , the World Health Organization and our local health authorities. Lea says the city has appraised the building at about $4 million, but expects it could be worth as much as $6 million.

1 in Nassau and 1 in Suffolk. Lea said they are working together with the current business owners and a team of investors to put in an offer to buy the four million dollar building. Movie Theater/cinema In Nassau Co, Ny Listing ID # 32578 Two well known, money making, Long Island Cinemas 2 movie theaters both turnkey. Vancouver’s Rio Theatre listed for sale, petition launched to save it. The Rio's recent success is what prompted Schein to list the property for sale in May of 2017.

Since then, ticket sales have skyrocketed — due largely, Lea believes, to the theatre's diverse programming, which now includes burlesque, comedy and live music in addition to screenings of independent films and classic blockbusters. It was clear that the old ways of running a single-screen theatre weren't working, so Lea opted for a change in strategy. Lea and her partners were forced to put the Rio up for sale. Though the Rio was first listed nearly a year ago through real estate agency CBRE, Schein still hasn't received any offers. A potential developer would also need to secure an adjacent lot to obtain the minimum square footage needed for a residential development — none of which are listed for sale. "Where there's a will, there's a way," Lea said. Get a roundup of the most important and intriguing national stories delivered to your inbox every weekday. But Lea says lovers of cinema and the performing arts shouldn't worry — her existing business, combined with provisions in the Grandview-Woodland community plan, mean the Rio will continue to be a theatre for the foreseeable future. Let's make its next chapter amazing. As such, the city would be unlikely to approve any development plans that involve scrapping the theatre, which has stood at the site since 1938.

Any updates on the former Rio Theater would be appreciated. In 2010, it was announced that the Rio Theatre would be restored for use as a live performance venue. Closed Captioning and Described Video is available for many CBC shows offered on CBC Gem. “I’m a business person and I deal with things in a professional way, but I’ve got to say, it would be an extremely emotional experience for me to watch the Rio get torn down,” said Lea. The petition says the Rio shouldn’t be in the hands of a developer that doesn’t understand the cultural needs of the community. "We're killing it. At the time of the purchase a number of the co-owners lived in the community, and were able to dedicate significant time to the theaters programming, renovations, and management, but in the past few years due to changes in personal and professional lives (new babies, new jobs), it has become increasingly difficult for the group to devote the necessary time and energy to the beloved theater.

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