Deal Falls Through On Larchmont Playhouse

Bronxville resident Michael DiCosimo, a longtime professional focusing on sound in film and theaters, was interested in purchasing the iconic theater -- for about 1.3 million according to lohud.com -- but backed out of the deal due to numerous complications that arose recently. The property is now officially back on the market with a $1.5 million asking price, according to the lohud story.

Larchmont Playhouse Deal In Jeopardy Pending Regal Restrictions

The deal to save Larchmont Playhouse could potentially die on the vine because of conditions being made by Regal Entertainment. According to Ellen Zuckert, a Larchmont resident who has been leading the charge to save the beloved community institution, Regal, the owner of New Roc Cinemas, has the power to prevent the Playhouse from showing first-run movies .

Bronxville Resident Agrees To Buy Larchmont Playhouse

According to Ellen Zuckert, who, along with fellow Larchmont resident Elizabeth Bradley has led a grassroots effort to preserve the beloved community fixture, Michael DiCosimo, a longtime professional focusing on sound in film and theaters, has offered to buy and renovate the theater and add office space and a sound studio in the back. There are several contingencies - including one that involves Regal Entertainment - so it's not a done deal, but the two women are "cautiously optimistic" the theater will reopen in 2017.

Larchmont Playhouse May Reopen with New Buyer

There is some hopeful news for local residents who have been fighting to save the Larchmont Playhouse . Elizabeth Bradley, a volunteer for this effort writes in a post to the group's website that a Bronxville man has signed a contract to buy and renovate the theatre, and with help from the community, may complete a renovation: "There are several contingencies - including one that involves Regal Entertainment - so it's not quite a done deal.