A local development group has stepped forward to make an offer to buy the recently closed Lakes Cinemas 8 in downtown Barberton. Neighborhood Development Services has made an offer of $545,000 to purchase the building, an d wants to re-open the theaters complete with a new digital upgrade and other improvements..
Barberton Mayor William Judge says the continued operation of the theaters is vital to other business development in the downtown area and current businesses such as restaurants that benefit from the theater's operation.
Lake Cinemas 8 was closed a month ago by former operator Phil Canfora after the city turned down his offer to buy the theater complex for more than $400,000.
News Release From The City Of Barberton
Neighborhood Development Services (NDS) a NeighborWorks organization, has made an offer of $545,000, to purchase the building known as the Lake Theater, contingent upon financing approval. NDS has the intent to open the building as a movie theater with upgraded digital projectors and 3-D capabilities in 2 screens. NDS will be the developer of the project and will hire an experienced management Company to operate the facility. An early April “Grand Opening” date is expected.
Under the Mayor's leadership NDS, is embarking on a community development venture critical to downtown Barberton. It is appropriate for community development corporations to take calculated risks on behalf of the community. NDS is pleased it has the financial strength and quality staff to accomplish this task and is honored to work with this administration. Mayor Judge stated, “It has always been my goal to keep the Lake Theater open. We have a responsible and community minded organization that will make this a win-win for everyone involved. The City of Barberton wins, Neighborhood Development Services wins and most importantly, the residents and downtown area wins with this sale.”