The Rio Theatre/Facebook

Deadline to save Vancouver’s Rio Theatre extended to April 16

Group granted more time to raise the funds, complete all the paper work needed to buy Rio theatre

The operators of one of Vancouver’s last independent movie theatres say they have received an extension from their landlord to save the Rio Theatre.

A message posted on the theatre’s Facebook page early Tuesday says the new deadline to raise $3 million to get approved for a mortgage has been pushed to April 16.

A 30-hour fundraising campaign which ended at midnight raised more than $383,000 toward a $1 million goal, with the remaining $2 million expected to come from private investors.

The operators say zoning changes have attracted developers who want to tear down The Rio for a new project.

Corinne Lea and her business partner announced in early February that their offer to building had been accepted. They declined to say how much they had bid but said it was higher than the $4 million the building was assessed at.

The 80-year-old Rio is beloved for running independent films and also hosting burlesque, comedy, improv and variety shows.

The Canadian Press

Like us on Facebook and follow us on Twitter.

Just Posted

‘No updates’ on five-year anniversary of South Surrey teen’s violent death

15-year-old Dario Bartoli died early Dec. 13, 2014 after being attacked in park

Surrey’s new top cop doesn’t believe residents have lost faith in the RCMP

Brian Edwards will take over the reins of Canada’s largest RCMP detachment on Jan. 6

Surrey mother voices concerns about Highway 15 intersection after crash

Kim Squirell’s daughter and her friend injured in collision at 176 Street and 40 Avenue

GoFundMe started for young Surrey father with brain cancer

Campaign aims to raise $10,000 to help with treatment costs for Tyler Duquette

Surrey Schools to sell property meant for school due to close proximity to pretrial

Sale funds would go toward purchasing new potential school site

Fashion Fridays: A masterclass on H&M knitwear

Kim XO, helps to keep you looking good on Fashion Fridays on the Black Press Media Network

RCMP at Maple Ridge school over threat left in washrooms

Written notes found in three bathrooms

B.C. Crown corporation immune from taxation, but still might have to pay GST: Court

British Columbia Investment Management Corporation may still be on hook for GPS payments

‘He was good for the West:’ Sadness, surprise in Saskatchewan over Scheer

Saskatchewan Premier Scott Moe and his predecessor, Brad Wall, both thanked Andrew Scheer

Poll suggests travellers know little about air-passenger rights

The first set of passenger-rights rules landed in mid-July and the rest this weekend

Johnson claims Brexit mandate with new conservative majority

Conservative Party wins 365 seats in the House of Commons

‘British Columbians are paying too much’: Eby directs ICBC to delay rate application

Attorney General David Eby calls for delay in order to see how two reforms play out

Most Read

l -->