Almost a year into the latest study of how to revive the dilapidated historic theater on Main Street, city staffers report the concept still faces substantial obstacles over parking and building access — along with a projected funding gap of at least $20 million.
The city’s Redevelopment Agency (RDA) bought the theater and a nearby retail space in 2010 and has been in exclusive talks with two adjacent property owners, The LaSalle Group and Hines Interests, exploring either selling the site to them for redevelopment or hiring them to do the overhaul on the city’s behalf.