Saving the Savoy Theater

Saving the Savoy Theater

The owner of the Savoy Theater says it's in debt and has already taken drastic steps to stay open.
Terry Youk is the owner of the Savoy.
Terry Youk is the owner of the Savoy.
MONTPELIER, Vt. - The owner of the Savoy Theater says it's in debt and has already taken drastic steps to stay open.

In Montpelier Wednesday, it was another slow night at the Savoy with just a few regulars here for the two shows.

"This is very much an intergral part of the fabric of Montpelier," says Tony Klein, a movie goer.

The Savoy with its two theaters is more than 100 years old and Terry Youk has owned it since 2009.

"The theater came up for sale and I thought, this is a great opportunity and it's also a way to to help preserve art house cinemas which are disappearing," says Youk.

Now the concern is that trend could come here.

"It's hard to pinpoint all the challenges. It's quite a complex mix," says Youk.

For starters, Youk says films are more expensive to show now. Then there have been floods. And hardest of all, fewer people come here these days.

"Younger people are drawn to watching films on their smartphone," says Youk.

Business has really dropped recently down $61,000 from last year. Youk says they've had to let go of a third of the longtime staff.

"I shudder to think if this place goes away," says Klein.

Klein is doing just what Youk hopes others do to help the savoy.

"We're not looking for people to bail us out. We're just looking for them to have a good night at the movies," says Youk.

The Savoy says if things still don't improve they might have to go from being open 7 days a week to just 3. That could mean more layoffs and would bring with it even more challenges.
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