Historic Queens theater angles for bank

The historic Eagle Theater in Jackson Heights, Queens could see new life as a bank branch, the Wall Street Journal reported. While the 4,000-square-foot theater had successfully operated as a Bollywood movie house for a dozen years, the Mumbai, India film strike spelled disaster for the business. It’s sat empty for several months and now the leaseholder, Shaukat Ali, is looking for a subtenant who’s willing to pony up the $15,000-a-month rent for the ground floor. The bank branch idea appealed to Ali for obvious reasons:
“I won’t have any problems collecting the rent,” Ali said. [WSJ]