Now, a certain theatre chain (Colorado Cinemas Holdings Group Limited Liability Corporation) here in Colorado wants to start building again. The plan is to put a brand new 10 plex in the small town of Parker. This new theater will only be 6 miles from the chain's current flagship 16 plex. I guess they have already broken ground and want to have it open by October 2002. Not long ago a different theatre chain (Century) pulled out of two new 16 plexes they had under construction in Boulder and Lakewood (Lakewood doesn't have ANY movie theatres). Before that Mann Theatres couldn't find the finances to finish a new 16 plex that they were building. They tried to cut costs by putting in (very) used equipment, but it just wasn't enough. The project was abandoned. And tons of theatres in the Denver metro area have closed down or have been sold to independants wanting to run dollar movies. More closures are supposedly to come.

What's everyone's opinions on this subject? Should we take it easy for awhile or should we start back up again?

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All in all, its time for theatre owners, and in particuluar the large chains, to go back to square one, step back and look at what is missing from seeing a film today in a multiplex. What I see missing usually is quality presentation, and customer service and satisfaction. It is also time to survey what little is left of the past. As much of the past should be preserved as is possible. Be it a Cinerama Theatre, or a local suburban single screen theatre. None of these can be replaced after they are gone and they are indeed far more important than building more multiplexes at any location at this time.
Mark @ GTS

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In Las Vegas:
http://www.e-vegas.net/display/article.asp?article=1216 http://www.lasvegas24hours.com/news2.asp?Region=99

In Minneapolis: http://www.mcda.org/whats_new/Newsreleases/block_e.htm

In Chicago (just opened): CLICK HERE

In California: CLICK HERE

We are quite lucky we are privately owned, and so don't have thousands of shareholders demanding immediate "knee-jerk" changes to a fairly stable business plan, just because the stock market goes up or down. We've actually had several mall owners ask us to take over theaters they own after the orginal theater people quit because of bankruptcy.

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Most of the new cinema properties in the Sacramento area are being built [or proposed] by Century, who doesn't seem to be suffering too badly with the bottom falling out of the megaplex boom.

Aaron

Our business is not letting up whatsoever, hence the reason for our new sister theatre. I think part of it has to do with the fact that we offer a different type of product. We're not the cookie-cutter megaplex. It's just something you'd have to see. Being an independent offers the oppurtunity to change things that are pretty standard throughout the industry and be able to change policy and what not immediately with almost no red tape.