Interesting story this week in Variety regarding the Nederlander organization renovating an old movie house and turning it into a Off-Broadway type facility that will produce and present sitdown type productions in Maryland. Shows like I Love You, You're Perfect, Now Change and My Mother's Italian, My Father's Jewish and I'm In Therapy will sitdown for months and play to auds.

The project cost $10 million to renovate and that's a heck of a lot cheaper than building a new theater (figure $60 million + for a bare bones 2,400 seat facility these days).

The Nederlanders, partners with our company Professional Facilities Management (PFM) in Durham, NC, where a new 2,800-seat theater is being built to service that booming market, is a trend setter in the theater world. Renovating old movie houses is an intriguing concept, especially when cities are looking to revive stagnant downtown areas.

http://www.variety.com/article/VR1117970537.html?categoryid=15&cs=1