The vacant State Palace Theater, lagging behind its other fellow Canal Street theaters that have seen recent restorations, has changed hands yet again: a year after developer Gregor Fox bought the property, the theater has new owners.
On Nov. 17, Fox sold the theater to LC Hospitality Group for $3.5 million. While there are no details about how these developers plan to proceed with the property, Fox says "Their intent is to put that property back into commerce fairly quickly." We hope!
· State Palace theater sells again to New Orleans developers [NOLA.com]
· What's Happening With the State Palace Theater? NOLA.com Has an Update [Curbed NOLA]