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.
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 .
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.
