Melbourne's Regent Theater is more than just a building, it's a cultural jewel that has been at the heart of Melbourne's artistic landscape for almost a century.
Cr Nick Reece's proposal to sell his 51 per cent stake in Melbourne City Theaters is a short-sighted move that risks losing a key part of what makes Melbourne famous on the world stage.
The proposed sale is for $40 million to $50 million, and claims to fund new artistic endeavors. However, this strategy overlooks the long-term value of Regent itself.
Melbourne's thriving arts scene should be supported through a responsible city budget, not by selling off one of our most iconic landmarks.
More than just a financial asset, Regent Theater is Melbourne's arts hub, having hosted everything from ballet to internationally acclaimed musicals such as The Lion King, Wicked and Moulin Rouge. Selling it risks losing its heart forever.
Although it is argued that historic preservation of theaters ensures that theaters remain performance spaces, history suggests otherwise. Private ownership can lead to reduced public access and even potential reuse of the venue.
The Regent Theater narrowly escaped demolition in the 1970s thanks to a determined national campaign. Even if it is sold now, there is no guarantee that it will be preserved for future generations.
If elected Mayor, I will ensure that Regent Theater remains in the hands of the people. My team invests in Melbourne's vibrant arts community through sound financial management, not reckless fire sales.
We must build the city's future while preserving its cultural history. The Regent Theater is a big part of that.
Selling cultural property for short-term economic gain is not the solution. Let's protect Melbourne's uniqueness and ensure Melbourne's artists, performers and cultural institutions receive the support they need without sacrificing our past.
The Regent Theater has survived fires, closures and threats of demolition. The company now faces its biggest risk yet. It will be sold under the direction of Cr Nick Rees. We must act to protect it.
