Alexandria's Old Town Theater to Close
Independent movie theater to shut its doors for a variety of reasons, including a poor ticket sale season.
The iconic Old Town Theater on King Street is closing its proverbial curtains for the last time this weekend.
Film house owner Roger Fons said a year of poor ticket sales played a key role in his decision to sell the King Street property to Robert J. Kaufman, president of PMA Properties, in October, reports the Alexandria Times. Sales had dropped by about 50 percent from 2010, he said.
Kaufman likely will rent out the theater as retail space. The 8,500-square-foot film house is listed for a five-year lease on PMA’s website. The property holding company is asking for a rent of $42.50 per square foot.
Barbara Ross, the city’s deputy director of planning and zoning, said staff was working with Kaufman to determine the property’s future.