The Rio Theatre/Facebook

Deadline to save Vancouver’s Rio Theatre extended to April 16

Group granted more time to raise the funds, complete all the paper work needed to buy Rio theatre

The operators of one of Vancouver’s last independent movie theatres say they have received an extension from their landlord to save the Rio Theatre.

A message posted on the theatre’s Facebook page early Tuesday says the new deadline to raise $3 million to get approved for a mortgage has been pushed to April 16.

A 30-hour fundraising campaign which ended at midnight raised more than $383,000 toward a $1 million goal, with the remaining $2 million expected to come from private investors.

The operators say zoning changes have attracted developers who want to tear down The Rio for a new project.

Corinne Lea and her business partner announced in early February that their offer to building had been accepted. They declined to say how much they had bid but said it was higher than the $4 million the building was assessed at.

The 80-year-old Rio is beloved for running independent films and also hosting burlesque, comedy, improv and variety shows.

The Canadian Press

Like us on Facebook and follow us on Twitter.

Just Posted

A sharp-dressed Christmas at Krause Berry farm for Langley family

‘I don’t feel that people dress up enough’ mom says

Furry tail reunions highlight of pet photos with Santa

One day of picture taking managed to raise more than $1,000 for Langley Animal Protection Society.

Inquest scheduled into death of man in prison for gang-related killing

Gurwinder Mann, 39, died in Abbotsford while serving life sentence

Incident involves border runners, car crash and backpacks with suspected meth

Man arrested after ruckus in Sumas and Abbotsford on Thursday night

Extreme weather warning due to rain issued for Langley

Gateway of Hope homeless shelter to offer extra sleeping accommodation

VIDEO: Close encounter with a whale near Canada-U.S border

Ron Gillies had his camera ready when a whale appeared Dec. 7

Manhunt continues for France shooter

Suspected gunman named, had long police record

‘Jurassic Park,’ ‘Shining’ added to National Film Registry

“These cinematic treasures must be protected because they document our history, culture, hopes and dreams.”

Lower Mainland pair denied stay of extradition

Two facing charges in India from 2000

B.C. Lions hire DeVone Claybrooks as head coach

Former Stampeders DC succeeds CFL legend Wally Buono

France shooting: 2 dead, several wounded in Strasbourg

A world-famous Christmas market was put on lock down on Tuesday

Canadian warship witnesses possible violations of North Korea sanctions

Crew members on HMCS Calgary took photos and collected other information

Christine Sinclair named Canadian Women’s player of the year again

This is the 14th time Sinclair has been named player of the year

Most Read