Palace Theatre Renovations Delayed Due to Setback
Renovations for Broadway's Palace Theatre have been in talks for quite some time, but now, according to Forbes, it seems that before the project has even begun, there has been a setback.
In order to complete the necessary renovations, the real estate developers must inspect the neighboring building and install monitoring equipment, which they have not received permission to do.
"The Monitoring Equipment is designed to protect the Adjacent Premises from attendant harms associated with the Project," explained Robert Wolfson, one of their engineers.
However, the developers say that those who run the neighboring building, SL Green and Jeff Sutton, are not cooperating. Access was requested in August 2017, but the developers did not hear back for a year. After multiple attempts, the developers got in contact with the company's lawyer, but they say he is still dragging his feet. The developers' petition argues that they "had no choice" but to ask for a Court-ordered license to gain access to the property.
The renovation is set to include a hefty makeover for the building inside and out. It will include a new entrance on 47th Street will feature an 80-foot-long marquee, as well as, added space in the wings to pave the way for larger productions.
A significantly larger lobby and twice as many bathrooms will also be installed.
Cosmetic touch-ups may be in store, but the interior and exterior will still be recognizable as the Palace. Historical fixtures, such as the chandelier and decorative plaster balcony fascia, will be restored.
Construction on the theatre was set to begin next month and be completed within approximately three years.
Read more on Forbes.