Rockville Regal Cinemas will close as part of the bankruptcy restructuring of Regal parent company Cineworld, Variety reports. A closing date has not been announced, but the company said in a bankruptcy filing that it will begin to reject leases for the closing theaters on February 15, 2023. This will be another economic cannonball to the gut for the struggling Rockville Town Center area, where the Rockville Town Square development has many vacant storefronts.
Parking continues to be an issue, but the theater closure will eliminate a significant amount of foot traffic on evenings and weekends. A study last decade showed that a cineplex can draw 20,000 additional people to an urban center per weekend than an area without a multi-screen theater might attract.