Developers say there is significant demand and no competition for building inner city movie theaters.
"Pacific Theatres Realty, a unit of Los Angeles-based Pacific Theatres Corp., last month broke ground in Hollywood on an entertainment center with a 14-screen multiplex. Four blocks away, TrizecHahn Development Corp. is in the middle of building its own sprawling complex with a six-screen theater. The city is also negotiating with developers to put movie complexes on three sites around Los Angeles with at least 35 more screens."
Thanks to Laura Krafft
FULL STORY: Developers Bet On Theaters In Glutted L.A.
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