Regal Cinemas Heads for the Exit Door

MIAMI-Operational shock waves continue to rumble through the movie theater business. Regal Cinemas, both South Florida's and the nation's largest operator, is reported to be shelving plans for new locations and trying to cancel leases on existing properties.

By Harold Kelman | September 14, 2000 at 01:01 AM

Also in Miami-Dade County, Regal has bought out its leases and closed two existing properties, while junking plans for an 18-screen complex at Lefmark's proposed Springsgate Village Center in Coral Springs, Broward County.

The Fort Lauderdale-based Muvico chain, which has continued in an expansion mode, could move into some of the former Regal sites, according to industry sources.

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