Comments from gdaroger

Showing 1 comment

gdaroger
gdaroger commented about Springfield Theatre on Sep 18, 2013 at 2:22 pm

Neighborhood Theatres Inc. of Virginia built the “rocking chair” theatre new in 1968. They were a small low overhead (almost no overhead) company and that was a lot of money. (State, Arlington, Annandale, and six other small theatres.) The cinema was always positive cash flow, but I’m not sure it always covered the mortgage. Whatever, Circuit City had a huge growth plan and access to capital when they bought it. I’m sure their offer looked good to NTI. Circuit City kept much of the building during remodel, including a large sign right on Old Keene Mill Road.