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Nearly-new all-digital quad theater up for auction
posted by
Michael Zoldessy
on
July 30, 2012 at 10:50 am
ALVARADO, TX — It’s not very often that such a brand new property is on the market. The former Reel Grill Cinema & Tavern is up for auction with open houses scheduled this week and later next month.
Read more in Market Watch.
Comments (3)
Pictures and other information, especially for potential bidders, is here.
So what’s the deal with it, it’s listed as a “distressed” property that was in operation for a very short period of time. What is distressed about it? Is it DCI compliant? (I assume so but in Buffalo we have two small “micro-cinemas” that show movies off BluRay DVDs). And they have laser tag?!?! Looks like a fun place.
Here is an article that was published at the time of theater’s opening: View link. The auditorium picture that is included within the article suggests to me that it was not a blu-ray operation.
I am hoping to find an article about its closing after just a few months that might shed some light on why it closed after such a short time in operation. Alvorado is a city of less than 5,000 people with about a third of them living on incomes below the poverty guideline, so it may be that the area finds it difficult to support the theater.