Alamo Drafthouse — Parent Company of Mondo and Death Waltz — Files for Bankruptcy exclaim.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from exclaim.ca Daily Mail and Mail on Sunday newspapers.
Alamo Drafthouse Files For Chapter 11 Bankruptcy Protection An Alamo Drafthouse theater
Austin-based theater chain Alamo Drafthouse Cinema has voluntarily filed for Chapter 11 bankruptcy protection, one of the first theater groups to do so amid severe financial troubles for the industry in the wake of the coronavirus pandemic.
As part of the restructuring, Alamo Drafthouse has entered into an agreement that will involve selling assets to affiliates of Altamont Capital Partners and Fortress Investment Group.
The firm has already announced that it will close three theaters: New Braunfels and the original downtown Austin location in Texas, as well as the theater in Kansas City, Missouri.
Alamo Drafthouse files for Chapter 11: Will the theater chain still come to S I ? silive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from silive.com Daily Mail and Mail on Sunday newspapers.
Exclusive: Inside story of smaller N.Y. Wheel in the works for St. George
Updated Feb 19, 2021;
Posted Feb 19, 2021
The new project promises to be a wheel more similar in size to the London Eye (pictured here), which is 443 feet high. (Plain Dealer/Laura DeMarco)Laura DeMarco
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STATEN ISLAND, N.Y. CanAm Enterprises, which is a sponsor of EB-5 regional center projects, believes the plan to build a smaller version of the New York Wheel about 420 feet high on the St. George waterfront will likely happen by early 2025, the Advance has learned.
The initial N.Y. Wheel project reached its demise on Oct. 23, 2018, when its principals announced they would not follow through with the construction of the 630-foot-high tourist attraction, whose cost had snowballed from an original estimate of $250 million to close to $1 billion. Before the project was abandoned by its major investors, about $200 million was invested to build infrastructure on the site, including the Wh