We have no doubt that the Rialto will be saved.

The only question in our minds is what the final package will look like: an owner-and-manager combination with a major entertainment group, an owner who commercially rents out the Rialto to a variety of tenants or, perhaps, even a non-profit entity providing the space as a community arts center for the people of South Pasadena. Either way, the architects we spoke to today indicated that the bare minimum cost for a renovation would be $2 million; although, in reality, a more likely figure if it is to be done right is around $10 million.

PS: Wir schicken sonnige Grüße aus Los Angeles nach Cuxhaven!