Varsity Theater to Close Tonight
The blog at the Independent reported this afternoon that the Varsity Theater in Chapel Hill will be closing tonight. The owners, Bruce and Mary Jo Stone said in a statement that the Varisty could not compete with newer multiplexes like Southpoint Cinemas and that the theater could not find a niche running small run specialty films. The statement also noted that downtown Chapel Hill was not conducive to running a theater that catered to older [read non-student] customers.
As the owner of a business that used to be on Franklin Street, I certainly understand the Stone’s position. It’s hard for a business model not tightly focused on the students and their unique schedule to succeed there. I wish them all the best in wherever they go from here.
Tags: Chapel Hill
