News broke in April that Victory Park would be getting a movie theater as part of a makeover intended to get people to go to Victory Park when nothing’s happening at the American Airlines Center. This morning, the Dallas City Council’s Economic Development Committee got a closer look at the movie theater plan – including how much city money the Mexican firm Cinépolis wants from City Hall to build the luxury cineplex.
The short answer: $5 million for a $22 million project that Cinépolis officials say will be a 44,000-square-foot, 700-seat theater with a 125-space parking garage. The theater would open on in March 2018 on what’s now a surface parking lot between High Market Street and Museum Way. By that time, it won’t be the only downtown movie theater: The Alamo Drafthouse in the Cedars is expected to open some time in 2016.