Saturday, April 08, 2006

Varsity Theater Reopens

Mishka's independent film cinema just had its Grand Opening in Davis:
Culture vultures can now watch first-run independent movies in Davis, as the city-owned Varsity Theatre was reopened Thursday night as an elegant venue for "indie" films.

... "It will satisfy a major craving in Davis," said Sinisa Novakovic, who with business partner Jon Fenske launched the venture in the historic theater at 616 Second St. in Davis' downtown.

... "Downtown Davis has been transformed over the last two years, and this is our crown jewel," said Mayor Pro Tem Sue Greenwald, referring to the city's many new restaurants and other businesses.

... Before the main movie Thursday, moviegoers watched a brief documentary on the Varsity's history by a young British filmmaker who lives in Davis.

"It's an iconic building in Davis," said filmmaker Liam Creighton. "Nothing in town looks like this."

... In 1990, the first of two multiplex theaters was opened in Davis. It was owned by Signature Theatres, which also owned the Varsity by that time. The company moved to close the smaller Varsity. The city eventually purchased the Varsity and operated it as a venue for live performances, lectures and other events. But it still struggled financially.

When the Davis Musical Theatre Company - one of the primary tenants at the Varsity - opened its own theater, the city entertained proposals for other ventures that could operate from the venerable theater. Novakovic and Fenske won out with their idea to open an indie film venue.

Novakovic runs a popular café called Mishka's a block from the Varsity. Fenske is an engineer. Novakovic said he hopes to move Mishka's adjacent to the theater and to open a gelato store called Icekrimski on the other side.

The two men are leasing the building from the city and spent about $120,000 for improvements. The city also contributed about $85,000 in renovations.

Improvements include plush seats, surround sound stereo, a concessions stand, carpet and a movie screen on a movable platform. The venue will be available for lease to community groups.
I have mixed feelings about all this. I'm happy for the new tenants, and hope they do well. I'm wistful and bitter about the way Davis Musical Theatre Company was muscled out of the place. And I'm worried, because, gauging from the thin crowds at the Crest and Tower Theaters in Sacramento, an indie film venture won't be that profitable either, so it's only a matter of time before the City of Davis tires of the new tenants and muscles them out too.

Perhaps by coupling the two food-service stores together with their weaker cinematic sister, they can all make a game effort at profitability. Or sink altogether - only time will tell.

What is different, this time, is that I understand the City finally went ahead and purchased the building outright, and finally got out from under the insane lease requirements that made the place particularly unprofitable for the City. They should have done that in the early 90's! Perhaps DMTC wouldn't have been so badly menaced had that process been started 15 years ago.

In any event, the best of luck and good fortune to Novakovic and Fenske!

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