pictures
Film Exchange Building hits Auction Block
The Film Exchange Building is on the Auction Block it seems.
http://www.crainsdetroit.com/article...illion-minimum
"The Film Exchange Building in downtown Detroit is going to an online auction next month with a minimum bid of $2.25 million."
It's kind of in an odd spot with nothing but parking lots surrounding it. Hopefully Olympia doesn't buy it and tear it down for more parking, because I could see that happening.
Attachment 34304
Attachment 34305
Significance of the Film Exchange Building
Gistok might be able to go into more detail, but the Film Exchange Building is a very significant piece of Detroit history.
The old movie palaces, many owned by the studios like United Atrist and Fox, that surround Woodward and Grand Circus Park first used film that was highly flammable. They would have to store the film off site. The films had to be exchanged with ones from this buildings massive blast proof vaults. The existence of the Film Exchange Building made a theater district in Detroit possible.
Does anyone know how many different theaters were served at one time during the Film Exchange Building's prime?