Delay in opening Westwood luxury movie theater

ipic.jpgTurns out that the old Avco multiplex on Wilshire Boulevard has all sorts of asbestos issues that need to be dealt with, which means that the six-screen iPic Entertainment complex is in a holding pattern. This is one of those high-end operations, with extra-comfy seats and a waitstaff that will serve drinks and meals during the film. Along with those amenities are higher-than-usual ticket prices (up to $28). iPic's other Southern California property is in Pasadena. The company's CEO, Hamid Hashemi, says he's hoping to open for Thanksgiving, but no guarantees (given the city's penchant for permitting delays, a 2014 opening seems more likely). The complex was originally set to be completed early this year and then it was moved back to summer. Construction had gotten started before the asbestos problem cropped up.

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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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