In addition to the theater, a neighboring bowling alley has beenacquired as part of the transaction. The cinema, which dates backto 1937, currently stands vacant. Although the movie house and the55-year-old bowling alley are on the city's list of historicproperties, the buyer, Steven Delson, will most likely redevelopthe site.

Escrow on the property is currently open, but will close whenthe necessary development approvals are secured from the CaliforniaCoastal Commission and the city.

There has been a recent trend towards refurbishing oldertheaters, especially as some of the megaplexes have been shuttereddue to bankruptcies. Costa Mesa's 62-year-old Whittier VillageCinemas just underwent a renovation of its own, which included a$600,000 stadium seating retrofitting. Other improvements at thecinema included the addition of a video arcade and morerestrooms.

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