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Carmike Cinemas announced last week that they have signed an agreement to build a 12-screen movie theater in the Capps Landing development in Opelika, Alabama, which is about 60 miles East of Montgomery. It is scheduled to open in Fall 2010.
The new theater will be located at the intersection of I-85 and Highway 280, across from Tiger Town, which the press release identifies as the largest retail center in East Alabama. The Capps Landing development will combine with Tiger Town to offer restaurants, offices, banks, and hotels.
The press release also mentions that the nearby Carmike Wynnsong 16 - Auburn will remain open following the completion of the new theater.
The full press release appears below.
Carmike Cinemas Signs Agreement to Open 12-Plex in Opelika, Alabama
State-Of-The-Art Movie Theatre Slated for Fall 2010 Opening
COLUMBUS, Ga.--(BUSINESS WIRE)--Carmike Cinemas, Inc. (NASDAQ: CKEC), a leading digital cinema and 3D motion picture exhibitor, today announced that it has signed a definitive agreement with Stephen Benson, Principal of Blackrock, LLC, to build a 12-screen theatre with 2,600 seats to be located in the Capps Landing development in Opelika, AL. The build-to-suit arrangement features a new Carmike state-of-the-art, digital entertainment complex at the intersection of Interstate 85 and U.S. Highway 280, across from Tiger Town, East Alabama’s largest retail center.
Tiger Town is a 160-acre development featuring 800,000 square feet of retail space, and combined with Capps Landing, offers free-standing restaurants, offices, hotels and banks. Carmike’s other theatre in the region – the Wynnsong 16 at 2111 East University Avenue in Auburn – will remain open following the completion of the new, 12-screen theatre. The new theatre will also serve the nearby Auburn University community, which is home to approximately 24,000 students.
Carmike President and CEO David Passman, stated, “We are grateful for the support of the community of Opelika, Mayor Fuller and local officials for their efforts as we bring a state-of-the-art entertainment complex to the Tiger Town area. Our new theatre complex will bring the best in Hollywood entertainment and the most advanced digital and 3D exhibition technology to East Alabama and will create new jobs both through construction and employment upon its opening, targeted for next Fall.”
About Carmike Cinemas
Carmike Cinemas, Inc. is a U.S. leader in digital cinema and 3D cinema deployments and one of the nation’s largest motion picture exhibitors. As of June 30, 2009, Carmike had 247 theatres with 2,285 screens in 35 states. Carmike’s digital cinema footprint reaches 2,133 screens, including 192 theatres with 499 screens that are also equipped for 3D. Carmike’s focus for its theatre locations is small to mid-sized communities with populations of fewer than 100,000.
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