I wish something like this could happen to the United Artists [[don't we all!).

http://www.nytimes.com/2010/02/03/ny....html?emc=eta1

New York City, which seized the building decades ago in lieu of back taxes, has long teased the neighborhood with proposals to restore the lost luster of a local movie palace. But this time, the city says, it is for real.
A developer has signed an agreement, made a down payment on a $70 million renovation and plans to turn the building back into a functioning entertainment site, this time presenting live performances, city officials said Tuesday.
“We’re on our way to making that dream come true,” said Marty Markowitz, the Brooklyn borough president, who is to formally announce the restoration in his State of the Borough address Wednesday.


http://www.nytimes.com/slideshow/201...TER_index.html