VFS alum and Vancouver lover here, ready to assist! This sale comes with a fully stocked video game trailer with 7 Big Screen TVs, 11- Game Consoles, Theater Seating, Cool Lighting, Routers, Brand new A/C units, a new Generator, and a Truck to pull it with. Click the link below for photos. Ontario reports 827 new coronavirus cases, 4 more deaths, Voters return Saskatchewan Party to power for fourth-straight mandate, Here is where Trump, Biden stand in the polls 1 week from U.S. election, Coronavirus vaccine by Oxford-AstraZeneca produces immune response among adults, Disturbing video shows Calgary officer throw handcuffed woman to ground face first, COVID-19: B.C. Schein bought the Rio from Lea and company for about $2 million in 2011; Lea retained ownership of the theatre's business operations, and was able to keep the doors open with Schein as the new landlord. One of Vancouver's last independent movie theatres is up for sale, but don't hold your breath for it to be turned into condos just yet — booming business and city support have the owners confident in the Rio's future. 1 in Nassau and 1 in Suffolk. The future of the Rio Theatre in East Vancouver is under threat after the building was put up for sale. https://t.co/jvJrPd8twk, — KevinSmith (@ThatKevinSmith) February 2, 2018. Sun. Ultimately, Lea would like to buy the theatre herself, and Schein says he would happily sell it to her. Vancouver’s Rio Theatre listed for sale, petition launched to save it. Lea said they are working together with the current business owners and a team of investors to put in an offer to buy the four million dollar building. In the first years under new ownership the theater received a much-needed deep clean and an overall aesthetic refresh which included new paint and fixtures, new theater seating, updated landscaping, and a refreshed menu at the cafe. The historic Rio Theatre on East Broadway has actually been listed for sale for almost a year, but a public marketing pamphlet was posted online Saturday, prompting a flurry of concerned messages to owner and operater Corinne Lea. Great website and trade name also come with this sale. READ MORE: Businesses for Sale in 400+ categories and 240+ countries. The Rio community loves to share. At one time a church was trying to acquire the building. Please click to "Confirm Subscription" and then you'll receive our next Rio Newsletter! Petition launched to save iconic Vancouver. The Rio's recent success is what prompted Schein to list the property for sale in May of 2017. "We're killing it. But without other buyers knocking down the door, Lea is not feeling any particular pressure; her current lease gives her at least another eight years of operation, even if the building sells. In the winter of 2013 a diverse group of Bay Area-based artists and entrepreneurs -inspired by the unique property, incredible location, and stunning natural surroundings -pooled their ideas and resources to purchase the historic Rio Theater in Monte Rio, California. But Lea says lovers of cinema and the performing arts shouldn't worry — her existing business, combined with provisions in the Grandview-Woodland community plan, mean the Rio will continue to be a theatre for the foreseeable future. “And I can only imagine how the rest of the community would feel.”. Its senior vice president, David Ho, said the public pamphlet was only posted recently because the firm has been researching the intricacies of the site and its development potential. The Press Democrat reports the Rio Theater in Monte Rio is up for sale after being in the hands of a collective ownership for 6 years. It has a 1953 Motograph projector and has just installed a DTS system. We continue to believe in the amazing potential of this historic and unique property. Jennifer Palma has more on a petition to save the Rio Theatre. "[I bought the Rio] to save the theatre," Schein said. The listing does not currently include an asking price. "Where there's a will, there's a way," Lea said. Any updates on the former Rio Theater would be appreciated. Established in 1996, the website is an international marketplace of businesses for sale. [Lea] is doing very well.". The Rio Theatre is following the guidance of the Centers for Disease Control and Prevention , the World Health Organization and our local health authorities. The #1 Business for Sale Marketplace! At the time of the purchase a number of the co-owners lived in the community, and were able to dedicate significant time to the theaters programming, renovations, and management, but in the past few years due to changes in personal and professional lives (new babies, new jobs), it has become increasingly difficult for the group to devote the necessary time and energy to the beloved theater. Join the conversation. “We need to collect as many signatures as possible to demonstrate the community’s support in saving the existing, historical, art-deco venue that we know and love,” reads part of the petition online. "I think the fact that we are succeeding is proof that this building does not need to be torn down. The Rio Theatre has undergone major renovation and restoration. cracks down on mass social gatherings as cases break records, Trump vs Biden: How the U.S. election outcome could impact Canada, Saskatchewan election 2020: Scott Moe lays out plans for next term, slams federal carbon tax, On the Trump train: the supporters standing by their man, Saskatchewan Party secures fourth-straight mandate, COVID-19 vaccine in development showing promise in adults, US election: How the electoral college system decides who wins the White House, Rio Theatre launches campaign to light up famous sign. You'll receive an email shortly. After a protracted battle with the province, Lea secured a liquor primary license for the Rio in 2012, which allowed for liquor sales and live shows. The Theater … But on the eve of her tenth anniversary at the helm of the Rio, she's confident it will remain an East Vancouver institution for years to come. The future of the Rio Theatre in East Vancouver is under threat after the building was put up for sale. Movie Theater/cinema In Nassau Co, Ny Listing ID # 32578 Two well known, money making, Long Island Cinemas 2 movie theaters both turnkey. WATCH: Rio Theatre launches campaign to light up famous sign. Lea says the city has appraised the building at about $4 million, but expects it could be worth as much as $6 million. This may be largely because CBRE have not been actively marketing the property. An historic movie theater, event space and cafe in the heart of the Russian River Valley. Sign up with your email address to receive updates on upcoming events and other news. Vancouver's Rio Theatre is for sale, but film fans needn't fear, Vancouver councillor fights to save Rio Theatre, Liquor license rules relaxed for Rio Theatre, Grandview-Woodland community plan approved after heated debate, CBC's Journalistic Standards and Practices. It is a priority for CBC to create a website that is accessible to all Canadians including people with visual, hearing, motor and cognitive challenges. Feb. 4: The future of the iconic Rio Theatre in East Vancouver is under threat and members of the community are weighing in. Custom made Video Game trailer was purchased new in 2017 for $70,000. Interested parties are encouraged to speak with Michelle or Jeff at Santa Rosa Business & Commercial, (707) 529-7446 or (707) 526-1050. Since then, ticket sales have skyrocketed — due largely, Lea believes, to the theatre's diverse programming, which now includes burlesque, comedy and live music in addition to screenings of independent films and classic blockbusters. Though the Rio was first listed nearly a year ago through real estate agency CBRE, Schein still hasn't received any offers. The past year of limited operations and community events has served as a wakeup call that it is time to find new owners for the iconic property so that it has the chance to serve the local region in the best way possible. Salvation came in the form of Vancouver theatre magnate Leonard Schein, former owner of the Park, Ridge and Fifth Avenue cinemas, among others. Movie Theaters For Sale In Rio Rancho New Mexico. The petition says the Rio shouldn’t be in the hands of a developer that doesn’t understand the cultural needs of the community. In 2010, it was announced that the Rio Theatre would be restored for use as a live performance venue. Would a Family Day event be too soon? "And it's been saved. While the plan now allows for residential development of up to 10 storeys in the immediate area, it also explicitly recognizes the importance of the Rio as a "cultural facility" and requires that any future development take that into account. Property sale details can be found here. Check our calendar for upcoming special events. "The audience definitely shows that that's something they want more of," Lea said. ", Audience Relations, CBC P.O. Lea and her partners were forced to put the Rio up for sale. Vancouver Film School alumnus and Hollywood director Kevin Smith has come forward offering his support to host a fundraiser with the proceeds going towards Lea’s purchase. Box 500 Station A Toronto, ON Canada, M5W 1E6. That's because 2016's updated community plan for Grandview-Woodland limits what can be done with the Broadway site. As such, the city would be unlikely to approve any development plans that involve scrapping the theatre, which has stood at the site since 1938. © 2018 Global News, a division of Corus Entertainment Inc. In the winter of 2013 a diverse group of Bay Area-based artists and entrepreneurs -inspired by the unique property, incredible location, and stunning natural surroundings -pooled their ideas and resources to purchase the historic Rio Theater in Monte Rio… "The community genuinely loves this venue and doesn't want to see it go.". But the industry took a nose dive in the following years, and independent theatres across the city began dropping like flies. That’s why staff at the Rio have launched a petition to try to save it. The Rio's recent success is what prompted Schein to list the property for sale in May of 2017. While the Rio is doing well, she says she'll still need investor support to make that kind of purchase. Please read our Commenting Policy first. We just had six sold-out shows, back to back.". We are looking for dedicated buyers who believe in the power of film and art and culture to transform lives, and are excited about the opportunity to see the Rio Theater thrive serving as a gathering place for locals and visitors to the Russian River. We will keep you all informed as to our schedule once determined by the State and Local Health Authorities. "For those of us that work here and know and love the Rio, it's definitely more than just any business or just any venue," Lea said. 1000 seats. "And it's been saved. One of Vancouver's last independent movie theatres is up for sale — but don't hold your breath for it to be turned into condos just yet. The Rio Theatre is temporarily closed due to the Covid19 Coronavirus .
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