Loew’s Kings giving tours to developers

posted by Michael Zoldessy on November 29, 2006 at 4:50 am

BROOKLYN, NY — With many hoping for some positive progress, the Loew’s Kings is allowing potential investors to tour the building. No one has picked it up yet for reuse, but an effort to getting the word out is certainly a step in the right direction.

The Economic Development Corporation, hoping to raise interest in the 68,000-square-foot theater, issued what is called a Request for an Expression of Interest, with a Dec. 6 deadline. Possibilities include a performance hall with restaurants, shops and church activities. Even apartments can be part of the plan, if the appearance and character of the theater are preserved. The cost of renovating the place, which has severe water damage in one section and is shot through with mold and asbestos, is expected to run into the tens of millions of dollars.

“If anyone could do it, it would be this team,” he said. “The fantasy would be for it to be saved and brought back to its original glory, but any compromise would be better than the state it’s in now.”

For more on this story, go to The New York Times.

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