Quote:
Originally Posted by Taeolas
Another worry is Cineplex. Freddy is in desperate need for a new theatre; Cineplex hasn't put any money into the mall since forever; those screens are 20 years old and its showing. A few years ago, we had a glimpse of the leases of the big anchors in the mall (back when Cadillac Fairview was selling Regent) and Cineplex's lease expires/expired this year. I'm sure Cineplex is anxious to get into their own digs (but Empire's sale to Cineplex in the meantime has probably tossed the plans in disarray), but the mall probably likes having the theatre there to keep the Student crowd coming. I still believe the theatres will be moving at some point in the future, leaving another gap in the mall. Luckily the gap isn't all that big and should be relatively easy to fill in.
|
I'm not sure that Cineplex is anxious. From what I've heard the theatres are very profitable as-is – not too surprising since there is no competition. The customer experience there definitely isn't the greatest, though.