A downtown Mobile staple for the city’s moviegoing public could be saved, as a group of investors led by attorney Buzz Jordan have plans to buy the building.
The Crescent Theater was set to close at the end of the month, but it now appears it will be able to remain open after a group of local investors have indicated interest in buying the building from the current owner, Jordan said in a phone interview with Lagniappe.
“There’s a group of us trying to save the Crescent,” Jordan said. “We talked to (operator) Max Morey; we’ve talked to the (Crescent Theater) film society; we’ve talked to different people and apparently a lot of people are interested in keeping the Crescent open and operating downtown.”
So far, Jordan said, there are 10 investors involved and the group has been speaking to the current building owner. The group is interested in more investors in order to lower the individual cost of investment. He said more information could be available by the end of October.
“This sort of thing can’t get done in three or four days,” Jordan said. “It may take four, five, six weeks.”
Meanwhile the single-screen arthouse theater lists a number of coming attractions at its website through the month of October and possibly beyond. “See How They Run” is currently playing, while “Nosferatu” with a live musical score by The Incredible Czars is set for Oct. 6.
“The Descendants” documentary is slated for Oct. 23 at the theater and “Ticket to Paradise,” with Julia Roberts and George Clooney will play there during another week in October.
The film “Amsterdam” is also scheduled as “coming soon” on the site.
This is not the first time the Crescent has been in danger of closing before being bailed out. In 2017, Morey announced the theater could not reach a renewal agreement with the building owner and would be forced to close and possibly relocate. However, a deal was reached to allow it to remain open at its current location.
Earlier this month, the Crescent Theater Film Society announced on its Facebook page that the landlord was doubling the rent at 208 Dauphin Street, but the new investors have come in now to possibly save it again.
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