A fan-based Facebook campaign to save the
Live Nation reportedly lost $700,000 last year and its current budget says it expects to lose another $600,000 next year, according to the Miami Herald. LN spent $3.5 million to renovate the historic building, the former home of “The Jackie Gleason Show,” when it signed a 10-year management contract in 2007.
That news has led to speculation that Live Nation may not choose to exercise a five-year renewal option when its current contract ends in 2017.
Whatever plan is deemed appropriate must be approved by elected officials and area residents first, the paper said.
A proposal to build a hotel at the Fillmore site, part of a renovation and expansion plan for the Miami Convention Center, is still under consideration.
The “Save The Fillmore at Jackie Gleason Theatre” Facebook page had 7,559 fans at press time.