Philly’s Boyd Gets Green Light

Philly’s Boyd Theatre is one step closer to a $135 million rehabilitation with the approval Nov. 14 of building permits and plans for developer ARCWheeler by the Philadelphia Historical Commission.

The unanimous vote clears the way for the massive project, which will include the development of a 2,500-seat theatre, Kimpton Monaco Hotel and two restaurants in the building.

Live Nation reached an agreement earlier in the year with ARCWheeler that will enable the promoter to purchase the theatre.

“Today’s unanimous decision by the Philadelphia Historical Commission speaks volumes about how important this project is to the City of Philadelphia,” said ARCWheeler principal Hal Wheeler. “The rehabilitation of the Boyd Theatre … adds excitement for the future of the City even during these uncertain economic times.”

The renovated Boyd is expected to host 50 to 60 live acts per year comparable to “light musical entertainment currently booked Atlantic City venues,” according to an ARCWheeler statement, as well as comedy and lecture events and films.

The theatre will have a flexible seating capacity from fewer than 250 to its maximum of 2,500.

ARCWheeler plans to apply for tax credits for the preservation of the interior portions of the theatre, and is exploring various avenues of public, private and nonprofit funding for the project. The Preservation Alliance for Gretaer Philadelphia recently announced it will partner with the developer in fundraising efforts.