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What’s the status of the proposed movie theater near Monkey Junction?

Jeff Hidek

Like most other big development projects, the planned Belle Meade Centre movie theater on Carolina Beach Road is suffering in this slow economy.

The planned 14-screen movie theater along Carolina Beach Road near Saint Andrews Drive that got the go-ahead from New Hanover County Commissioners last December – and from Matt Di Gioia, owner of Atlantis Holdings, which is developing the project – still hopes to break ground in late 2010.

“Please tell your readers not to lose faith,” he said. “The project status and timeline are about the same as the rest of the country. We’re working hard and hoping the credit markets will further loosen. It’s like trying to ride a bike when the chain comes off. You pedal and your feet move, but you don’t go anywhere. I remain confident and have reason to believe everyone involved, the sellers, the buyers, the brokers,myself (the developer), the theater owner, the future patrons, right down to the people who want to work there. All of us want to see this come together as quickly as possible.

“Anyone who knows me will tell you, I don’t give up easily.”

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2 Responses to “ What’s the status of the proposed movie theater near Monkey Junction?”

  1. On April 24, 2011 at 4:31 pm Rich wrote:

    Do you have an update on this story?

  2. On April 27, 2011 at 12:05 pm Jim Ware wrote:

    Here’s an update we did in August 2010: http://www.myreporter.com/?p=7420

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