Historic Loew's Kings Theatre Restoration Begins
Today, Mayor Bloomberg and Brooklyn Borough President Markowitz broke ground on the restoration of the historic Loew’s Kings Theatre in Flatbush, Brooklyn. Originally constructed in 1929, the 3,200-seat Loew’s Kings Theatre is the largest indoor theater in Brooklyn. Its design was heavily influenced by the Palace of Versailles and Paris Opera House, and features ornate architectural details in the French Renaissance Style. In 1977, the theatre closed and has remained vacant since, suffering decades of neglect and deterioration. Today’s announcement represents the culmination of the City’s efforts to revitalize the theatre.
Following preliminary work untaken by ACE Theatrical over the last three years, New York City has executed a 55-year lease with the Kings Theatre Redevelopment Corporation – a consortium of ACE Theatrical, Goldman Sachs and the National Development Council – to begin the full redevelopment and rehabilitation of the theatre. The project was financed through funding from the City, Marty Markowitz, the Goldman Sachs Urban Investment Group and United Fund Advisors.
“Once the largest and grandest indoor venue in Brooklyn, Loew’s Kings Theatre was a major attraction for hundreds of thousands of New Yorkers and countless visitors. Soon it will be again. This massive restoration project will be great for the Flatbush community, for Brooklyn’s booming cultural scene, for local artists and cultural groups, and for New York City.” - Mayor Bloomberg
Construction begins now, and the theatre is expected to open the beginning of 2015. Read the press release to learn more about the restoration of this historic theatre.