Thursday, May 20, 2010
Paramount Theater Gets a Reprieve
(Former Paramount Theater)
(Photo by Jim Hennessy)
For the time being.....the former Paramount Theater has been spared the wreckers ball.
Owner Paul Daeres tells CHSJ News, he has put off his end of the month deadline to find a tenant or a buyer for the building. Uptown Saint John is in the process of appraising the former movie theaters which have been vacant since 2005.
Once the number is worked out, a committee will be formed to find investors and see if new life can be breathed into the building.
Many ideas are floating around about what it could be used for but the consensus seems to be some sort of performing arts venue.
Daeres is quick to point out how-ever he will not wait for-ever for a plan to be put in place for the building.