This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Carmike Cinemas Plans To Construct New State-Of-The-Art 14-Screen Entertainment Complex In Traverse City, MI

Stocks in this article: CKEC

Carmike Cinemas, Inc. (NASDAQ: CKEC), a leading entertainment, digital cinema and 3-D motion picture exhibitor, today announced a further expansion of its presence in Traverse City, MI with the planned construction of a brand new Carmike Cinemas 14-plex, which will replace its Horizon 10-screen location at 3587 Market Place Circle. Construction is expected to commence once all required permits are received from Garfield Township and the State of Michigan. The first local planning commission hearing is scheduled for January 8 and Carmike is hopeful that it will receive the requisite approvals and commence construction shortly thereafter.

The new theatre will be furnished with 14 digital screens and have total seating capacity for more than 3,000 guests. The BigD, Carmike’s own premium large screen format experience auditorium, will seat more than 500 patrons. The critically acclaimed BigD is part of the cutting-edge entertainment complex, which will also be equipped with stadium seating in all auditoriums, comfortable high-back rocking luxury seats, retractable armrests and convenient cup holders. The Carmike 14 will also contain large, wall-to-wall screens, DLP digital projection and digital sound in all auditoriums.

The facility’s upscale lobby will contain multiple concession areas featuring self-serve Coca-Cola Freestyle drink centers, which pour more than 100 customized fountain drink varieties. One-stop ticketing will also be included in the lobby area so cinemagoers will be able to escape the elements and purchase their tickets and favorite concessions in the same, fast-moving indoor line and quickly move to their comfortable seats. The new complex also provides special services for visually and hearing impaired patrons.

Carmike President and CEO David Passman: “We are looking forward to further expanding our presence in Traverse City, which has proven to be a very good market for Carmike. We are very excited to bring this exceptional entertainment complex to the community and provide our valued guests from across the region with the ultimate in cinema-going entertainment. Our new theatre will feature large format digital presentation, bigger screens, better sound, and plush seating for the definitive enjoyment of all audiences. We currently have 22 BigD auditoriums throughout the country, following the recent debut of our newest addition in Colorado Springs late last year. Traverse City will soon join this select, but growing list of ‘Hometown America’ communities offering Carmike theatregoers BigD’s uniquely immersive, large screen presentation.”

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,959.44 +154.64 0.87%
S&P 500 2,078.54 +7.89 0.38%
NASDAQ 4,781.4240 +16.0440 0.34%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs