This week the City of Richardson released a statement following the announcement that the company operating the Alamo Drafthouse movie theaters in North Texas has declared bankruptcy. It immediately closed all six of its locations, which includes its first-opened theater located in the Heights Shopping Center.
Alamo Drafthouse’s corporate parent issued a statement shortly after the announcement indicating it is “working as quickly as possible to get Alamo Drafthouse Cinema back up and running in these cities.”
Since opening in 2013, this cinema has served as a high-quality anchor destination in the Heights Shopping Center and has been a catalyst in the City’s ongoing efforts to revitalize The CORE District. In January 2024, the City approved an economic development incentive award to the franchisee to support further improvements to its Richardson Heights location, in hopes of bolstering its competitiveness.
At this time, $200,000, or half of the City’s economic development incentive, has been delivered to the franchisee, as facility upgrades were still underway. From this point forward, no further award will be given until further information is made available on potential reopening plans.
Full statement/more information: Click here
