neighborhoods; Sacramento @ 11 Oct 2007 11:23 am by Seth
The publicly traded Reading International Inc. http://www.readingrdi.com , which owns the Tower Theatre in Land Park, has recently completed a purchase of 15 of the 29 movie theaters operated by Pacific Theatres Exhibition Corp. which operates theaters in the central valley.
I was actually surprised to learn that the Tower Theatre is owned by a big, publicly traded company that typically does not improve theatres to compete, rather sells off property when it becomes more valuable.
The rest of the story is here.