New York City’s IMAX theater is closing down.
It will be replaced by an indoor cinema.
New York City Mayor Bill de Blasio announced the plans Thursday, calling it a “game changer for the city and our economy.”
The IMAX movie theater at 925 Fifth Ave.
in Manhattan will be shut down for renovations on Sept. 6, according to a statement released by the city’s Department of Financial Services.
The theater, which opened in 2016, is a new addition to the IMAX film industry.
The decision to close down the movie theater comes on the heels of the city announcing its first phase of the $3.2 billion City Cinema Program.
The program is aimed at creating a new, affordable, and technologically advanced IMAX theatre that will offer a better experience for moviegoers.
It will cost $1,200 for a single-screen IMAX and $3,000 for a two-screen theatre.
The new IMAX theaters will be located on the lower floors of city-owned buildings in the Bronx, Brooklyn, Manhattan and Staten Island, according the statement.