Daily Pulse

NOLA Sees Theatre Revival

New Orleans continues to see a revival in its theatre district, with the sale of the State Palace Theater — boarded up and mostly idle since Hurricane Katrina in 2005 – to a commercial developer for $3.5 million.

Developer Gregor Fox told the New Orleans Times-Picayune he hopes to renovate the building’s exterior and retail tenant space within two years.

A full renovation would take as many as 10 years and cost as much as $10 million. But Fox apparently will reta, and the reopening of the Saenger and Joy theatres.

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