Time to put show on road
By Scott Van Voorhis
Boston Herald Business Reporter
Monday, July 2, 2007 - Updated: 04:48 PM EST
Developers interested in taking on a historic but now derelict theater with development possibilities: City Hill has a deal for you.
The Boston Redevelopment Authority is preparing to go to market with the Modern Theatre in hopes of finding a developer for the long-shuttered downtown theater, which opened in 1914.
While the terms are still being hammered out, city officials are seeking a partner that would also preserve the Washington Street venue?s historic facade.
That could mean building anything from student dorm rooms to offices on the building?s upper floors. Part of the building would be reserved for some sort of ?cultural use,? which may or may not include a theater, said Jessica Shumaker, a spokeswoman for the BRA.
The move to find a savior for the rundown Modern is the last stage in a theater restoration campaign unveiled by Mayor Thomas M. Menino a decade ago, when he pledged to revive a trio of historic performance venues.
Since then, a restored Opera House has opened, while Emerson College has inked a deal to redevelop the nearby Paramount into both a theater and dorm complex.
That leaves the Modern, which is on lower Washington Street next to the Opera House and the Paramount.
?The Modern is the last one,? Shumaker said. ?It is a big priority of ours and of (Menino?s) to see that one restored and activated.?
City officials are not seeking an outright sale of the building, but rather a development partner interested in a long-term lease deal.
The Sager family, which operates a Boston charitable foundation, took on the Modern a few years ago, but was not able to ultimately pull off a restoration of the theater.
Michael Byrne, director of the family?s charitable foundation, said that a number of arts groups expressed interest in putting on events or shows in a restored Modern, but none had the capital needed to make such a dream a reality.
?Candidly, we were just not getting anywhere,? Byrne said.
However, a potential buyer may already be emerging in Suffolk University.
Suffolk has proposed converting a planned condo building next to the theater at 10 West St. into a dorm. John Nucci, Suffolk?s government affairs chief, said Suffolk will take a look at the Modern when city officials release a formal request for proposals.
?It is of interest,? Nucci said.
Whether the university then pursues a deal for the theater will depend on what parameters city officials set for the Modern?s redevelopment, Nucci said. So far, city officials are not saying much, beyond that the Modern is in an area downtown where zoning regulations cap building heights at 10 to 12 stories.
Such rules have not stopped taller buildings from going up in the area, including some towers, but such projects need special dispensation from City Hall.
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