Corsicana Daily Sun, Corsicana, Texas

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June 27, 2014

Cinergy Cinemas sold to new theater group

As of Friday afternoon, Corsicana’s Cinergy Cinema became “Movie Bowl Grille” with the sale of the four-year-old multi-screen theater.

Jeff Benson, co-owner and partner in the Corsicana theater, confirmed the sale Friday afternoon, after signing contracts for the deal on Thursday.

Schulman’s Movie Bowl Grille took over operations of the Corsicana property Friday. Movie Bowl Grille is part of the Schulman Amusement Company headed up by Mark Schulman of Waco. It has theaters in Palestine, Bastrop, Georgetown and Weatherford. According to the company’s website, it also plans to open a theater in Bay City in 2015.

Benson was partners in the Corsicana venture with land developer Jerry Bauer, and it was Bauer that wanted to proceed with the theater sale, Benson said.

“Jerry put in the lion’s share of the equity, and this was our chance to get it out,” Benson said. “Unfortunately, it meant selling the theater and dissolving the partnership. It just seemed like the right move.”

Benson and Bauer opened Cinergy Cinemas in Corsicana in September 2010, bringing a state-of-the-art digital theater with games, bowling and go-carts to the Corsicana Crossing development.

In December 2011, Bauer purchased the Cinemark Cinema theater building on Seventh Avenue in Corsicana after Cinemark announced plans to close it down. It is now the home of a church.

In 2013, Cinergy added the Final Cut Bar and Lounge to the offerings in Corsicana.

The sale included only the Corsicana property — Benson owns Cinergy Cinema theaters in Copperas Cove and Midland that he’ll continue to own and operate.

Benson said the sale of the Corsicana theater was “bittersweet” for him, adding he enjoyed owning and operating the local filmhouse.

“We certainly enjoyed being here in the market,” Benson said.

—————

Bob Belcher may be reached by email at bbelcher@corsicanadailysun.com

 

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