The Varsity Theatre is set to reopen in late November under new management. Chapel Hill residents Paul and Susan Shareshian are the new owners.
“We believe the Varsity is a historic landmark in Chapel Hill, and we were sad when we heard it was closing,†Susan Shareshian said. “We decided we would reopen it and take it back to a time where movie going was a destination.â€
Former owner Bruce Stone closed the Franklin Street mainstay this summer due to declining ticket sales.
The Varsity will show recently released and classic movies and all tickets will be $3.
“Classic movies mean different things to different people, depending on your age and generation, so we will have a variety,†Shareshian said. She mentioned classics such as Gone with the Wind or John Hughes’ movies and also Saturday morning cartoons.
Renovations are underway and there is a plan to add a room for children’s birthday parties. Shareshian said the plan is to open Thanksgiving weekend.