Hope for Loew's Kings in Flatbush
The status of the rehab of the Loew's Kings Theater in Flatbush has been a mystery for a while, but today's Post seems to confirm a report that appeared on Brooklyn Junction back in January that there is significant progress in finding a developer. In January, Brooklyn Junction noted that a "major" operator was interested in theater. Today, the Post notes that the city "has begun soliciting bids" for the theater, although efforts have actually been underway since 2006 to find a developer. The 79-year-old theater closed in 1978 and has been deteriorating ever since. The bigger project would involve air rights, a big parking lot, "a boutique hotel" and retail. The Post puts the cost of rehabbing the theater at $70 million, which is double figures that have been previously noted.