Peter Shapiro Buys the Capitol Theatre for $11.5 Million

Not everyone gets to own a piece of rock and roll history. It’s even harder to resurrect a long-gone concert hall for a new generation of fans. But it’s not impossible. Long-time friend of Ticketfly Peter Shapiro (promoter and owner at Wetlands Preserve and Brooklyn Bowl) recently purchased the historic Capitol Theatre (built in 1926) in Port Chester, New York for $11.5 million, as part of its triumphant return to greatness.

Shapiro had already invested millions into refurbishing the Capitol over the past year, while leasing from prior owner Marvin Ravikoff. The theatre, a legendary rock venue in the 1960s and 70s, had been used sporadically as a private event space for the past decades, and needed a serious face-lift before it could become a temple of live music again. But since reopening in the fall of 2012 with a sold-out Bob Dylan show, the Cap is up and running with a vengeance:

“Since concerts returned, The Cap has returned to relevance, with acts ranging from the Roots to Trey Anastasio.” – Chris Serico, Newsday 

Some great upcoming concerts include Citizen Cope, Matchbox Twenty, and the iconic B.B. King. Click here to check out all the talent coming to the Cap, and check out our case study to see how Ticketfly helps Shapiro and his team fill the house.

Keep up with the Capitol Theatre on Facebook and Twitter.

Image Credit: www.thecapitoltheatre.com

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