Iconic River Oaks Theatre prepares to close after no deal struck

HOUSTON, Texas -- The story may be at an end for arguably Houston's most cherished theater. Amidst talks of a deal, Landmark Theatres, which owns the iconic River Oaks Theatre, announced that no deal has been struck between it and Weingarten Realty.

In a statement provided to CultureMap, Landmark reports:

"Landmark Theatres is disappointed to announce that there has been no response or acknowledgment of the revised proposal we submitted to Weingarten Reality this week. In good faith, we presented a fair and reasonable proposal and asked for a response by close of business today. Unfortunately, there has been no response or even acknowledgement of this proposal, leaving us no choice, but continue with our preparation to leave our beloved home of 30 years."

SEE RELATED STORY: Dozens protest permanent closure of historic River Oaks Theatre

READ ALSO: Future of River Oaks Theatre uncertain as lease negotiations stall

River Oaks Theatre is known for its rich history and art deco theme, but if a deal isn't reached, this Houston icon could close for good.

The video above is from a previous story.

For more on this story, continue reading from our ABC13 partners at Houston CultureMap.