Steve Unger, owner of the Lion and the Rose Bed & Breakfast at 1810 N.E. 15th Ave. in Irvington, was concerned when he learned that Cypress Equities, the new owner of the Lloyd Center Mall, announced plans to sell the adjacent land containing the Regal Lloyd Center 10 and IMAX theaters. The buildings are slated to be demolished to allow for the construction of 900 apartment units.
“If that happens, and the theater is removed, there will be no multiplex movie theater on the East Side of Portland.” Unger said. “We and our guests love being able to walk to the movies rather than going downtown.”
Mr. Unger wrote to the CEO of Cypress Equities and has launched an online petition at www.LloydCenterMovies.com.
“We generated over 100 signatures in the first three days” said Unger. “Our goal is to get 1,000 signatures.”
There have been two Regal Multiplex Theaters at Lloyd Center for many years, the Regal Lloyd Mall 8 inside, near the food court, and the Regal Lloyd Center 10 and IMAX across the street. In January, Cypress Equities closed the Regal Lloyd Mall 8 Theaters to make way for new office space.
“There are currently over 2,500 apartment units either under construction or planned in the Lloyd Center area,” said Unger. “A movie theater is an amenity that serves residents, helps generate beneficial night time activity and supports the nearby eateries. Portland’s East Side needs at least one megaplex theater.”