Originally Posted by
SoonerDave
All:
I think this thread might have gotten some indirect notice by the Oklahoman. There's a substantial article in today's (Saturday) Oklahoma about the Warren Theater project, wherein they interview Bill Warren himself about the delays in construction and persistent rumors in Moore that the project has fallen through. As we've discussed here from Warren company emails, that's not true. The project is still on.
In a nutshell, the project was originally budgeted for $20 million, but construction bids came in at closer to $30 million, necessitating a restructuring of the project. Warren stated that the theater will be slightly smaller than they had originally planned, encompassing something on the order of 125,000 square feet with a smaller lobby. It is still being cast as a luxury theater with adult-only balconies, special amenities, etc.
Construction, which is expected to take about one year, will begin as soon as bids are let/received for the revised drawings. The project is very much on, as Warren indicate they had already sunk something on the order of $2 million on the land into the project.
-SoonerDave
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