The Times-Picayune of of New Orleans, Louisiana is reporting that the Landmark Canal Place Cinema has changed owners and will be closed for a complete renovation:

The New Orleans-based Southern Theatres group, which is run by local theater-industry veteran George Solomon, is poised to assume management of the theater from the Los Angeles-based Landmark Theaters as early as Sept. 7. The space, located in the Shops at Canal Place mall, will then be gutted and transformed into what mall owner Roger Ogden on Tuesday called "a luxury premium theater concept."

"We will take it down to the concrete floors and the columns and roof, and we'll build out a totally new, state-of-the-art premium concept with five auditoriums instead of four," Ogden said.

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