Emagine theater in Detroit on backburner (Troy, Wayne: credit, movie theater, construction)

[y2c313]

https://www.crainsdetroit.com/real-e...-big-sean-hold


The long-stalled Emagine Entertainment Inc. movie theater in Detroit is on the back burner given rising costs of construction for the company. Originally proposed to have 10-12 screens at a cost of about $25 million, the Troy-based chain is also looking to scale back the size of the project to make it economically viable given what is now a $35 million-plus price tag, CEO Anthony LaVerde said. But it's not time to roll the end credits just yet. LaVerde stopped short of saying the project is dead, although efforts to lower its cost are being explored, including reducing the total number of seats. A site has not been secured, although Emagine, founded by Chairman Paul Glantz, has looked in the New Center area and Midtown, including a Wayne State University-owned site that ultimately didn’t pan out.



LaVerde said the challenges facing the Detroit plans are unique to that project. Business has been solid, he said, and Emagine has opened three theaters in other states in less than a year.

The Emagine plan is one of the prominent Detroit construction projects that has yet to come to fruition.

[UrbanQuest]

That’s tough. Figure it should be near entertainment and restaurants taking into account other strategic issues.

Looking around central Detroit, it seems the 2121 Cass lot would be optimal. Though the parking loss would have to be made up by decking up one of the other lots nearby.