The Rio Theatre/Facebook

Deadline to save Vancouver’s Rio Theatre extended to April 16

Group granted more time to raise the funds, complete all the paper work needed to buy Rio theatre

The operators of one of Vancouver’s last independent movie theatres say they have received an extension from their landlord to save the Rio Theatre.

A message posted on the theatre’s Facebook page early Tuesday says the new deadline to raise $3 million to get approved for a mortgage has been pushed to April 16.

A 30-hour fundraising campaign which ended at midnight raised more than $383,000 toward a $1 million goal, with the remaining $2 million expected to come from private investors.

The operators say zoning changes have attracted developers who want to tear down The Rio for a new project.

Corinne Lea and her business partner announced in early February that their offer to building had been accepted. They declined to say how much they had bid but said it was higher than the $4 million the building was assessed at.

The 80-year-old Rio is beloved for running independent films and also hosting burlesque, comedy, improv and variety shows.

The Canadian Press

Like us on Facebook and follow us on Twitter.

Just Posted

The man who gave up law school to work in a homeless shelter

Joshua Medcalf is keynote speaker for 2018 Leadership Superconference at Langley Events Centre

Man who abducted and assaulted 11-year-old Langley girl has parole rules tightened

Brian Abrosimo made ‘inappropriate and sexualized’ comments

VIDEO: Langley-based Fraser Valley Fusion 2002A crowned champions in Oregon

Fastpitch team takes Triple Crown Sports Valley South 16U Tournament in Medford

‘Police are ready’ for legal pot, say Canadian chiefs

But Canadians won’t see major policing changes as pot becomes legal

VIDEO: Fans turn out for anniversary of iconic antique store in Langley

Weekend event was also a fund-raiser for Salvation Army Gateway of Hope

Naked man jumping into Toronto shark tank a ‘premeditated’ stunt: official

The man swam in a tank at Ripley’s Aquarium of Canada

Transport Canada to take new look at rules, research on school bus seatbelts

Canada doesn’t currently require seatbelts on school buses

Sockeye run in Shuswap expected to be close to 2014 numbers

Salute to the Sockeye on Adams River continues until Sunday, Oct. 21 at 4 p.m.

Michelle Mungall’s baby first in B.C. legislature chamber

B.C. energy minister praises support of staff, fellow MLAs

Canucks: Pettersson in concussion protocol, Beagle out with broken forearm

Head coach Travis Green called the hit ‘a dirty play’

Aldergrove Starfish program gets boost

Jazz Pilots for Kids donates $4,871 for after-school food program

5 tips for talking to your kids about cannabis

Health officials recommend sharing a harm reduction-related message.

Elderly pedestrian killed in Burnaby collision

Police are looking for witnesses

Most Read