Interesting: (because it's another entertainment venue....the J Shore has to be jointly marketed better then it is today to get tourist $...)
LONG BRANCH The city and the redeveloper seeking to bring an arts and entertainment district to lower Broadway have signed an agreement with a California-based production company to bring live productions to the long-closed and deteriorating Paramount Theatre. The theater building, which in recent years had become a warehouse for Siperstein's Paint and Decorating Centers, is considered one of the two necessary anchors to the zone. The other anchor is the New Jersey Repertory Company, which also will receive refurbished facilities under the redevelopment plan, known as Broadway Arts Center. The two theaters will offer very different entertainment to customers. NJ Rep will continue to premiere original works in its 350-seat facility, while the Paramount will offer a combination of Broadway-style shows, concerts, ballet and opera in a refurbished 1,850-seat facility, which will be the largest cultural entertainment venue in Monmouth County, according to Todd Katz, managing partner of BAC. The agreement gives the city, BAC and Cornerstone Entertainmentment International Inc. 270 days to negotiate exclusively to finalize the contract, which will require an infusion of more than $20 million to refurbish the Paramount. Michael Coleman, Cornerstone co-president and chief executive officer - and New Jersey native - said the money can be raised. The company already has investors for the Paramount, he said. Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) <*> To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/