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Ziegfeld Theatre, Icon of Follies and Red Carpets, May Close

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The iconic Ziegfeld Theatre on West 54th Street may not be long for this world. In an interview with The Hollywood Reporter, the CEO of theater operator Cablevision, James Dolan, said that the city's largest single-screen theater—a favorite for east coast red carpets but not much else—hemorrhages money. Dolan went on to insinuate that the company would like to find someone else to finish out its lease, which expires in 2018.

Following the publication of the interview, which has made waves amongst the 1,131-seat theater's groupies, Cablevision has issued a statement noting that nothing will change for the Ziegfeld in the foreseeable future. But that didn't stop ardent NIMBY Jeremiah Moss from visiting the movie palace. "I like it because it's big, truly big, with those red velvet chairs you don't find anymore in this day of stadium seating," Moss writes. The Ziegfeld sure is a relic of its time, but that's also one of the things that's damning it.

The theatre was rebuilt in 1969 near the site of its original 1920s incarnation. The new theatre's lobby memorializes the wares and acts from the famous Ziegfeld Follies.

· New York's Ziegfeld Theatre in Danger of Closing [THR]
· Ziegfeld Museum [JVNY]
· Having Destroyed The Knicks, Dolan Turns His Menacing Gaze To Historic Ziegfeld Theatre [Gothamist]