Metro theater New York city has been purchased by newly formed non -profitable Additional West Side Cinema Center For $ 6.9 million.
The purchase was supported with additional funds from private donors from $ 3.5 million from the village Kathy Hachul and $ 500,000 from the New York State Legislature. Since the Center faced the January deadline to close on property acquisition, the grant allowed them to expand the deadline and make official purchases.
“For a very long time, the dear metro theater has sat empty – to bring back it back with courage and confidence in the dear metro theater,” Hochul said in a statement. “Upper West Side Community is entitled to another world-class site for cinema and art, and that is why I was proud to step down and allocate the new metro theater to make a reality of $ 3.5 million. My friend Assembly member Lasher and Senator working with Lasher and Senator Hoyleman-Sigal, we are going to give a new cultural institution to the upper waste.”
Under the leadership of President and co-founder Ira Dechman and Edeline Mahasya, the UWS Cinema Center was established to restore the metro theater in five-screen art house cinema, including screening of classics, foreign films and independent projects of first run. This especially became important in view of the closure of nearby Lincoln Plaza Cinema in 2018.
Dachman said in a statement, “The support of support for the project has been amazing, given that it was a big leap of faith to donate something that was so betting.” “I never joined anything that had such universal appeal.”
After the purchase, the UWS cinema center will now work on raising the necessary funds to build the facility and restore the front.
