North Park Theatre Sale

“SD Observatory promises a seamless transition, but adds that there will be a lot more buzz in town, with big names in entertainment lined up to draw audiences in from all areas of San Diego and beyond,” said a statement to the San Diego Union-Tribune.

The 1,100-capacity North Park Theatre was built in 1928, closed in 1989 and underwent millions of dollars in renovations before reopening in 2005 under the watch of the Lyric Opera of San Diego.

The opera eventually lost the building in a bankruptcy battle to the Verant Group’s West Coast Tavern, which was the tenant in the theater’s restaurant. The Verant Group will stay in the building under the terms of the deal, the Union-Tribune noted.

“Besides the increase in shows and artists, the new owners intend on running operations pretty much as they are now,” the statement continued. “They have also expressed their sincere interest in teaming with community members to embrace North Park and carry on the legacy of support established through the years by David Cohen, Bobby Jones and The Verant Group.”