ROYAL THEATER SOUTH BROAD STREET (1500 BLOCK) PHILADELPHIA

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1. Feb 14, 1992

   Demolition review

   Historical Commission

   Recorded outcomeDeferred

   Recorded conditions

   Owner must provide independent real estate appraisal with meeting of Committee and appraiser, Clear comparison of costs of vacant lot versus carrying building, Ten-year pro forma financial analyses of simplified theater and retail uses including federal Income Tax Credit, Documentation of demolition costs, Clear statement of owner's reasons for demolition, List of all extant violations and status with securing costs, Complete list of expenditures for securing and repairing since 1975, Evaluation of $650,000 asking price during 1980s real estate boom versus current depressed market

   Prior meeting reference: Joint Meeting of Architectural Committee and Committee on Financial Hardship, 30 January 1992

   Vote tally

   Unanimous

   Criteria cited

   National Register of Historic Places listing (1980)Philadelphia Register listing (1978)Historical and cultural significanceArchitectural meritPotential for redevelopmentFinancial hardship evaluationDemolition by neglect determination

   Full source minutes

   Votes and testimony

   Votes

   • Jason Nathanyes

   Testimony

   • Michael Singersupport, person
   • Royal Theater Preservation Associationoppose, organization