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

UPDATE: Man, 32, found dead in Abbotsford was targeted, police say

IHIT identifies victim as Sukhpreet Grewal, who they say was known to police

VIDEO: Near drowning captured on Vedder River in Chilliwack

Search and Rescue manager says the popular pastime of floating down river is inherently dangerous

Habitat for Humanity says it owes no money to former CEO

Upper Fraser Valley branch responds to wrongful dismissal lawsuit

City hall taps out on decade-long resistance to MMA in Chilliwack

Official sanctioning under B.C. Athletic Commissioner helped change minds

Affordable housing for seniors eyed for former Paramount site

City of Chilliwack to partner with Chilliwack Community Services

BC Games: Day 1 comes to an end

Medals have already been handed out following one day of competition in the 2018 BC Summer Games

BC Wildfire update on Okanagan blazes

Watch the media briefing on the current fire situation in the Okanagan.

RCMP help to save goats from wildfire

The fast-approaching wildfire, sparked Thursday, forced the evacuation of five homes

Crosswalk vandalism leaves black mark for Cowichan as B.C. Games begin

Rainbow crosswalk defaced just days after being painted

Photo gallery: BC Games Day 1

A brief look at action from the 2018 BC Summer Games in the Cowichan Valley

UPDATED: Anti-pipeline campers digging in as eviction deadline expires

The City of Burnaby had ordered the Kinder Morgan pipeline protesters out for violating bylaws

Trump was taped talking of paying Playboy model: AP source

Source says former personal lawyer Michael Cohen secretly recorded discussion prior to 2016 election

BC toddler with ‘allergy’ to sun waiting for bone marrow transplant

Charlie Lock, 2, needs treatment for damage caused by rare disorder EPP

VIDEO: How to throw a frisbee

Ultimate frisbee player Amy Mackay shows off the proper technique

Most Read