CAPE GIRARDEAU, MO (KFVS) - The old Esquire Theater on Broadway in downtown Cape Girardeau will be fully renovated.
The renovation plans were announced to a large group Wednesday morning outside the building.
The Broadway Esquire Entertainment Group LLC acquired the building at 824 Broadway.
The group plans to fully rehabilitate the Esquire to show art house and independent films, as well as serve as a venue for community performances. The theater will include ushered seating with cocktail and specialty food service.
"There is a market here for fine art," said developer John Buckner. "Unfortunately, it hasn't been tapped into yet. There's a mentality that people just fly over the Midwest. But we're going to make them stop and take notice."
It's estimated to take 16 to 18 months for construction once final plans are complete.
The Esquire was listed on the National Register of Historic Places in September 2005. The theater was completed in 1947 and was the last downtown theater constructed in Cape Girardeau. It stopped showing first-run movies in 1984.