Marcella's Owners to Buy University Theater
By BRENDAN MCGARRY | Apr. 24, 2002After a year and a half and several interested buyers, UB is in final negotiations to sell the Pfeifer Theatre - a longtime staple in Buffalo's Theater District - to the owners of Club Marcella's, an area nightclub.The UB Foundation, a non-profit educational corporation that oversees the university's fundraising and development efforts, originally placed a $500,000 price tag on the theater, but will likely settle for under that amount, according to Ed Schneider, executive director of the foundation.Both Schneider and Mike Slyder, a spokesman for Club Marcella's, were unable to provide specific information about the sale, pointing to a confidentiality clause in the sale contract.The UB Foundation purchased the theater in 1986 from Studio Arena, but with the completion in 1994 of UB's $52 million Center for the Arts, which houses four theaters, the university slowly phased out its programs downtown and moved them to venues available on the North Campus.The last UB show held at the Pfeifer Theatre was two years ago, according to Gerard Kegler, facilities director for the Center for the Arts.