When Minneapolis Mayor Sharon Sayles Belton broke ground for a new 17-screen cineplex on downtown's long-dormant Block E last fall, it appeared that our fair city had picked absolutely the worst time to get into the movie business. Throughout the summer, the country's film exhibitors had stumbled gloomily, one after another, into bankruptcy court. The first to go was Dallas-based Silver Cinemas International, which owns the leading art-house chain, Landmark Theatres. In short order, Carmike Cinemas and United Artists Theater Co. followed. Finally, and to the chagrin of Wall Street investors, General Cinema Corporation declared bankruptcy, and industry-leading Regal Cinemas confirmed that it, too, was considering Chapter 11. The cineplex bubble had, by most accounts, burst spectacularly. The... More >>>