Majestic 10 co-owner Harold Blank has sold his share of the Majestic 10 Theater in Williston, along with Palace 9 in South Burlington, to Merrill Theater Corporation, owned by Blank’s partner Merrill Jarvis.
“When you sum it all up, it’s just that the timing was right,” Blank said on Monday. “I love the Majestic 10. It’s a great theater, and it will continue to be a great theater.”
Blank said he plans to get involved in film production projects, some of them in the Burlington area, and didn’t want to spend as much time commuting to Vermont from his home in Massachusetts.
The theater space is leased from Rental Properties of America. Merrill Theater Corporation will also take over the space occupied by Oscars Restaurant, which closed after the summer.
“Merrill Theater Corporation will do what they think is right with the space,” Blank said.
Jarvis could not be reached for comment before the Observer’s press deadline.
The Majestic 10 opened in April 2004.
“In my opinion, it’s the best theater in the best location,” Blank said.