In an effort to save The Rio, East Vancouver’s beloved independent theatre, owner Corinne Lea has launched a crowd-funding campaign to raise $1.5 million.
Ryan Reynolds is asking for your help:
— Ryan Reynolds (@VancityReynolds) March 12, 2018
Lea is also saying that it’s “too soon to tell” if director and Rio backer Kevin Smith’s recent heart attack will affect whether his upcoming fundraising event will be re-scheduled.
The online campaign comes after Lea was given 60 days to gather $3 million for a down payment so she could purchase the building and save it from re-development.
“For many people in East Vancouver specifically, the Rio Theatre has become ‘the last stand’ – and we’re not going ot let it be torn down,” reads the press release.
In the statement, Lea explains that she and her team are working to build a separate non-profit to purchase the property and rent the building out to the Rio Theatre, Lea’s privately-run business.
Reached by phone, Lea said that deciding how much money to ask for in the campaign was challenging because she also has private investors waiting in the wings.
The Rio Theatre needs your help! Recent zoning changes have attracted the attention of developers who want to buy The Rio and tear it down for a new development project that would leave a big cavernous hole on the corner of Commercial and Broadway for years, and there is only one way to stop them: We have to buy The Rio!
To do that, we need to raise a $3 million down payment: we hope to do that with $1.5 million from donors like you, plus $1.5 million from private investors.
We can do this! The Rio has overcome adversity before with the huge support of the community. Our accepted offer to purchase the property was supported by over 22,000 signatures collected in just five days.
For additional information on this fundraiser – CLICK HERE