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City Issues RFP for the Lease, Operation, and Management of the Paramount Theater

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Hope Springs Anew in Peekskill as City Issues RFP for the Lease, Operation, and Management of the Revered Paramount Theater

(Peekskill, New York)…. The City of Peekskill announced it has issued an RFP for the lease, management, and operation of the Paramount Theater, one of the city’s key cultural attractions and community assets. The Paramount closed in October when management was unable to meet expenses. The 1025-seat theater, originally constructed by a subsidiary of Paramount Pictures, is owned by the City of Peekskill and is located in the Peekskill Downtown Historic District. Over the years, the Paramount has attracted thousands of patrons from Westchester and surrounding counties, and has been an economic generator, stimulating investment and development throughout the city.

According to the RFP, the City of Peekskill will entertain proposals from for-profit as well as not-for-profit entities that have experience in “theatrical management involving live performance, music, and conference activities.” According to Mary Foster, Mayor of the City of Peekskill: “The Paramount Theater is an essential member of the downtown Peekskill business community. We are committed to selecting the right operator and management which will lead to a successful renewal of this theater.”

The Paramount Theater has long been a true jewel in the city’s crown and will be again, according to James Slaughter, Director of Economic Development, City of Peekskill.  “This is a wonderful opportunity to assume responsibility for an attractive, fully-renovated facility,” he said. “We firmly believe that if properly managed and operated, the Paramount Theater can prosper and be profitable.”

The RFP announced the following schedule for proposers:

Pre-submittal Meeting and Guided Facility Tour: November 29, 2012
Questions received by City Contact: December 4, 2012
Responses e-mailed to appilcants: December 4, 2012
Proposal Submission: December 19, 2012 at 11 am
Presentations/Interviews: January 7, 2013
Selection: January 14, 2013

Pre-submission questions and inquiries regarding any aspect of this Request for Proposal or any other matters related to this RFP may be directed in writing to the City by December 4, 2012. Contact:

Mr. James Slaughter
Director of Economic Development
City of Peekskill
840 Main Street
Peekskill, New York 10566
jslaughter@cityofpeekskill.com

Fifty miles north of Manhattan, The City of Peekskill is among the historic Hudson River towns in Westchester. Formerly one of New York’s manufacturing bases, Peekskill underwent economic revitalization in the 1990s. It is home today to many small businesses and medical facilities, as well as a thriving downtown hub that has attracted galleries, coffee houses, restaurants, and artist’ studios. The Paramount Center for the Performing Arts is an important component of that hum. Visit www.cityofpeekskill.com for more information.

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