Capitol Theatre

The Capitol Theatre renovation is the first anchor project of the $25 million Gordon Square Arts District plan, a national model for how the arts can be catalysts for economic development.   Built in 1921 and vacant for two decades, Capitol Theatre has been renovated as a 3-screen, state-of-the-art movie theatre featuring art and independent films. 

https://www.clevelandcinemas.com/showtimes.asp?ptID=AACAP

Project Partners: City of Cleveland; Cuyahoga County; Ohio Finance Fund; PNC Bank; The Cleveland Foundation; Village Capital Corporation

Project Details

Completed 2009
Location 1390 W 65th Street; Detroit Shoreway Neighborhood
Project Type Commercial; Historic Rehab
Program 48,000 SF movie theater
Sponsor Detroit Shoreway Community Development Organization
CDA Investment $3.5 million NMTC allocation from CNMIF II
Total Project Costs $7.3 million
Community Demographics Poverty Rate: 36.3%
Median Income: 22.9%
Unemployment Rate: 10.45%

Impact

  • Cultural Amentities to Low Income Community

    The Theatre will show movies of diverse genres seven days a week.

  • Diversity and Inclusion

    The developer committed to construction participation goals for Minority, Female, and Cleveland Small Businesses (MBE/FBE/CSB) as well as minority, female, and City of Cleveland resident workers.

  • Environmentally Sustainable Outcomes

    The Theatre was renovated to LEED standards.

  • Job Creation

    The project created 37 construction jobs and 7 permanent jobs.

  • Advances Neighborhood Revitalization

    As the first anchor project in the Gordon Square Art District, the Capitol Theatre has spurred additional development activity.

  • Accessible Public Transit

    The project is located on several major bus routes.