Read the full story on San Antonio Business Journal. “There are some other prospects,” de Leon said, noting that those talks are ongoing.Įditor’s note: This story was published through a partnership between KSAT and the San Antonio Business Journal.
The city’s mayor says there is interest in the theater site. That deal was inspired in large part by the city’s interest in helping ensure a viable future for one of its more important properties. In November, Balcones Heights purchased a nearly 46% ownership stake in Wonderland, a deal it had pursued for several months with the mall’s major stakeholder group, led by managing partner Sid Weiss. That venue eventually closed as the mall later added the larger, multiscreen theater acquired by Santikos nearly two decades ago.
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The mall has had a movie presence since the 1960s when it was home to Wonderland Theater. It wasn’t financially sustainable, Handren said. Santikos tried to fill in the gap with other first-run movies. “We had a lease renewal coming up,” Handren said, noting that theaters reliant on art films especially are having a tougher time post-pandemic. Santikos is more than a movie theater view the latest movies and help us give back to the local San Antonio community. Santikos CEO Tim Handren said a dearth of new films that fit the Bijou’s arthouse niche didn’t help. Multiple factors likely contributed to the decline, including the pandemic and the challenge malls have faced even before COVID-19 in attracting customers.
Santikos saw its business shrink at Bijou. 1987 grand opening inside Crossroads Mall (a name that was retired in 2010, by the way), the six-screen multiplex quickly got a reputation as San Antonio’s closest thing to. “We did know that that was their plan,” Balcones Heights Mayor Suzanne de Leon said. Balcones Heights officials, however, were bracing for the closure.Īnd while Santikos’ exit is a loss for the city, its leaders are already pursuing potential new uses for one of the landmark anchors of the more-than-60-year-old Wonderland of the Americas mall. SAN ANTONIO – Moviegoers were caught by surprise this week when Santikos Entertainment posted a note on Bijou Cinema Bistro’s front door indicating the company planned to shutter the movie theater.
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