According to The Brooklyn Paper, Kenn Lowy, owner of the Brooklyn Heights Cinema, has decided to apply to convert it to not-for-profit status. This will give it the flexibility to apply for arts grants and accept tax deductible donations, which will be important given the need to install new digital projectors in order to show movies that are now being released only in that format. It will also enable the Cinema to present more works by local filmmakers as well as concerts by up-and-coming musicians.
The building now housing the Cinema is slated for demolition, although the landowner will provide space for a one screen theater in the new building to be constructed on the site. Lowy is looking for space for a one screen annex to continue presenting movies while the new building is under construction. we’ll keep you advised of developments.
Source: Brooklyn Heights Blog