New York's Ziegfeld Movie Theatre to Be Renovated Into Event Space

Though it never was, as many have mistakenly assumed, the Broadway Theatre where the famed Follies played, New York's nevertheless iconic Ziegfeld Theatre, Manhattan's last-remaining single-screen movie house, will soon be tearing its final ticket.

The New York Post reports that the W. 54th Street venue, currently showing STAR WARS: THE FORCE AWAKENS, will close within a few weeks to begin a two-year renovation that will convert the 1,300 seat space into the Ziegfeld Ballroom, a mecca for society galas and corporate events.

The Ziegfeld's landlord, the Fisher Brothers real estate company, has notified the cinema's leaseholder, Cablevision that its lease won't be renewed.

The new 10,000 square-foot column-free ballroom will be run by most of the partners who operate Gotham Hall, the event venue inside a landmarked former bank at Broadway and West 36th Street.

The Ziegfield, opened in 1969 and has been a favorite among New York cinema fans for viewing first-run films, but in recent year has lost over $1 million annually.

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