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Movie Theater To Re-Open

Good news came last week for residents who have missed a big source of entertainment over the past six months or so, with the announcement that the movie theater in Glen Cove will reopen early next year. The Dinoto Group, a Huntington-based real estate firm, purchased the Glen Cove Cinemas, located at 5 School Street, on Thursday, Oct. 31.

 

“After months of negotiation and Mayor Suozzi’s complete dedication to this process, we are happy to announce that we anticipate that Glen Cove’s much-loved theater will re-open in early 2014,” said Robert DiNoto, owner of the firm.

“Mayor Suozzi has worked harder than anyone to make the re-opening a reality and his resolve and persistence since the beginning of the process has been quite clear.”

 

Dinoto said that, thanks to a number of public and private financial incentives, they are ready to open the six-screen facility that closed in March.

 

Francine Ferrante Koehler, executive director of the Glen Cove Downtown Business Improvement District, said, “Mayor Suozzi treated the movie theater situation with
the same intensity that he treated the aftermath of Superstorm Sandy. This is great news for our downtown.”

 

“Our downtown businesses will benefit from the customers who come from our area and surrounding towns. I have been working with  Robert DiNoto since June to connect him with potential theater operators and to discuss a variety of financial incentives we can offer through the city and its great agencies to get the theater open as quickly as possible and return our city’s primary entertainment venue.”

 

“It should be noted that the DiNoto Group has a stellar reputation as an investment firm and its partners have a combined 50 years of experience in commercial real estate. We’re confident that the company has what it takes to keep the theater on solid footing going forward,” the mayor added.

 

At this time, there is still no theater operator.

 

City Councilman/mayoral candidate Reggie Spinello said, “It was common knowledge that the mortgage holder of the theater property would be taking possession of the building sometime this year. As to the re-opening of the theater, it is all pure speculation designed to make it look like something is imminent even though an operator for the theater hasn’t even been found.” 

 

One resident asked whether the venue could become a live entertainment venue like the Paramount in Huntington.

 

“It’s been discussed,” said DiNoto,”but it’s probably not the direction we’ll go in due to the exorbitant cost and amount of time it would take.”