The price on the 92-year-old Ridgewood Theatre is going down.
The old movie house—diner-saver Michael Perlman's professed latest target for salvation—closed down last winter after nine decades of continual service. The Thomas Lamb-built structure was then put on the market for $14 million.
But don't fret! You can now have it for only $9.5 million. Guess old Vaudeville houses in out-of-the-way nabes aren't as hot as they once were.
The problem with old movie theaters is that they're not suitable for many other uses without extensive renovations, which can be costly. And it could be argued that a theater which has been renovated to the point that its auditorium is no longer intact has lost so much of its character it really hasn't been "saved" at all.
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