Theater reopening will help revitalize Green Valley - FOX5 Vegas - KVVU
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The smell of popcorn, nachos and sticky floors will finally return to a Green Valley movie theater that's been vacant for more than a decade.
Galaxy Theaters has leased the empty space near Sunset Road and Green Valley Parkway. and has plans to open a first-run theater by October, according to American Nevada Realty.
The new tenant will play a major role in revitalizing the once popular strip mall.
"It is a good representation for what's happening on a whole in the entire valley right now," said local realtor Nick Nolf.
Nolf, who handles both commercial and residential real estate, thinks the worst of the commercial real estate crash in Las Vegas is over and the valley will slowly bounce back over the next several years.
"You really look at the hurt or the pain of the commercial market, the majority of that has basically subsided," Nolf said. "Really right now it's just filling in the holes."
Fifteen years ago, the area was packed and most storefronts were full. Businesses, however, slowly started to disappear, including a Starbucks.
Barley's Casino had planned to expand into the empty spaces, but the recession nixed that idea and the retail spaces remained empty.
Sonja McDonald is gambling on the area bouncing back. She will open the doors to Dip Sticks Bakery by the end of this week.
"With the movie theater it was kind of like a signed deal because you're gonna get that foot traffic," McDonald said.
The bakery will feature an array of baked goods and deserts on sticks.
"I just decided I wanted to stay in this area," McDonald said. "I didn't want to go to the outskirts. A lot of people were saying, 'Why not Summering?' But I like Green Valley."
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Everything was going fine, until the bill came.
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