You may have heard via the Charlotte Observer or the Charlotte Business Journal that Park Terrace Theater in historic Park Road Shopping Center screened its last films this past Sunday, December 17. The historic Park Terrace, known for showing independent and foreign films, is Charlotte’s second oldest movie theater, after the Manor on Providence Road. Park Terrace opened in 1964 and underwent a $2 million renovation in 1996 that included an expansion from three screens to six.
The historic Park Road Shopping Center sign has been preserved and is still installed.
Park Terrace was previously run by Consolidated Theatres until Regal Entertainment Group bought the Charlotte-based movie company in 2008. Locally, Regal also owns the Manor, Phillips Place and Stonecrest, among other theaters.
This month, the British company Cineworld Group PLC confirmed its plans to buy Tennessee-based Regal for $3.6 billion. The deal is expected to close in early 2018.
Until next week!
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Information taken from:
Charlotte Observer - "Beloved movie theater at Park Road Shopping Center closing soon." - Katherine Peralta and Ely Portillo, December 8 & 11, 2017
Charlotte Observer - "Details emerge for Park Terrace plan after theater closes." - Katherine Peralta , December 13, 2017
Charlotte Business Journal - "Edens shares plans for future of Park Terrace movie theater." - Jennifer Thomas, December 13, 2017
Minor adjustments made.
“We have to do with the past only as we can make it useful to the present and the future.” – Frederick Douglass