AMC’s Kips Bay Theater Will Close Jan. 3 After Its Lease Was Terminated
AMC CEO Adam Aron has spoken out about the closure of the Kips Bay 15, which will shut on Jan. 3. In a letter to the Kips Bay community, Aron addressed how NYU Langone Health plans to grow its medical facility and has not engaged with AMC’s alternatives to share the space. The building’s owner terminated AMC’s lease in anticipation of a transfer to NYU Langone, Aron wrote.
Aron also wrote that thousands of guests watch a movie at the theater every day.
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The sequence in Aron’s account is striking: the owner terminated the lease in anticipation of a transfer while NYU Langone seemed to be in the process of buying the building.
That is Aron’s account, and his letter is advocacy for his theater; a hospital expanding its medical facility is not automatically the wrong use of the building.