Search for Paramount Management Team Moves Forward

Peekskills officials plan to hold a series of data-gathering meetings with the parties interested in managing the Paramount Center for the Performing Arts  in the next two weeks.

Inititially, officials had set a goal of having an operator in place by Jan. 14 and the theater reopened by  Feb. 1. But that timeline now appears to be off by a few weeks.

Bob Knight, a spokesman for the city, said remained deeply committed to finding the right manager/operator to help the Paramount Theater realize its full potential.

“City leaders are working with a sense of urgency to identify a new leadership team for the Paramount Theater that will act in the best interest of the City, its residents and Peekskill's Downtown business community,” Knight said.

The center has been out operation since the original management team closed its doors in October. The move was made after the theater failed to reach its fundraising goal for the year.

Three interested parties submitted proposals to operate the theater last month,  officials have  declined to name who they are.

“The city will not be releasing the names of the proposers as a significant amount of information is proprietary to each proposer and is not ready to be made public,” Knight said.