The Poughkeepsie Journal reports that Brooklyn Heights Cinema I & II owner Norman Adie is in contract to buy the long-vacant Beacon Theater located on the city's Main Street. While Adie reportedly has competition for the property, the paper reports that the BHC owner is in better financial shape than other bidders. Adie recently sold his Park Slope theater for $16 million.
Adie would split the circa 1930s art deco buliding into four theaters.
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