[Swinefeld]

Boyd Theater Deal Targeted to Close in February

Developer ARC Wheeler's proposal to restore the historic Art Deco Boyd Theater and build a $90 million hotel and entertainment complex has received final approvals from the Planning Commission and the Zoning Board of Adjustment. The developer has an agreement of sale with Live Nation for the theater and is expected to go to settlement in February.

The proposed project includes full restoration of the theater's interior and exterior to its original Art Deco character and the addition of a 28-story hotel connected to the theater. Construction of the hotel will require demolition of the existing stage house and construction of a new stage house as part of the hotel. The project receive unanimous approval from the Historical Commission in November.

The Preservation Alliance has agreed to serve as the nonprofit partner for the project to assist in obtaining public and philanthropic funding for full restoration of the theater.