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Friday January 28th, 2011

Posted at 9:25pm

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Will You Let It Slip Away? by Moe Malik from the windsoriteDOTca flickr pool

Late Friday Afternoon, City administration released a report on the future operations of the Capitol Theatre that will go before City Council for approval on Monday night.

Administration is recommending that the City operate the Capitol Theatre through the Recreation and Culture Department for a period of approximately 3-10 months commencing February 1st.

Following the interim period, following a further report to Council administration will do one of the following: Transfer the ownership of the theatre to a public sector partner under terms to be approved by council OR Issue a request for proposals for the ongoing operations OR Continue to operate the theatre as an ongoing service through Recreation and culture OR Discontinue the operations of the theatre until such time a partnership satisfactory to the city is received.

You can see the entire report to council here.

The storied theatre,  declared bankruptcy in March 2007, and since then has been operated by local trustee Stephen Funtig.  In November a deal was reached for the city to take over the assets of the Capitol, and that is to close on Monday, January 31st.  Local theatre groups have continued to rent out the theatre for their productions, but there are no productions scheduled after Monday.   The interim period will allow for groups to continue to use the theatre.

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