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AMC Theatres on Block E loses appeal

The Eighth U.S. Circuit Court of Appeals is upholding a previous ruling that the 15-screen theater doesn't have the option to extend its lease. The Star Tribune reports it's unclear whether the movie complex in downtown Minneapolis can negotiate a new lease or if it will close. Camelot LLC bought the retail space in 2010 and it's being considered a possible site for the state's first non-tribal casino.
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The Eighth U.S. Circuit Court of Appeals is upholding a previous ruling that the 15-screen theater doesn't have the option to extend its lease. The Star Tribune reports it's unclear whether the movie complex in downtown Minneapolis can negotiate a new lease or if it will close. Camelot LLC bought the retail space in 2010 and it's being considered a possible site for the state's first non-tribal casino.

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Developers announced that AMC movie theaters in downtown Minneapolis' Block E will close at the end of the business day Sept. 23. The complex is nearly empty, leaving only one business afloat. Block E's owner intended to build a $400 million casino in the space, but the plan wasn't making any progress at the Capitol.

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