Mayor Steven M. Fulop announced today a new partnership with Devils Arena Entertainment (DAE), the largest purveyor of entertainment in New Jersey and operator of Prudential Center, one of North America’s top 10 most booked arenas, to move forward on a unique $72 million agreement for the transformative restoration of the historic Loew’s Theatre.
The revitalization intends to transform the century-old theatre into a state-of-the-art 3,300-seat venue to attract both superstar and up-and-coming performing artists, serve as an engine of economic development and hub for the local Journal Square community, and expand Jersey City’s growing reputation as an unparalleled arts destination in New Jersey.
“The Loew’s restoration is decades in the making, and so I am encouraged and excited to partner with Devils Arena Entertainment, a reputable entertainment company and operator of the globally successful Prudential Center, as we take this monumental step forward in our commitment to restoring Loew’s Theatre to its former glory, reviving Journal Square, and growing our arts community,” Mayor Fulop said. “This one-of-a-kind partnership signifies our long-term planning for a post-pandemic future where we’re confident arts and culture will be a staple of life.”
The majestic Loew’s Jersey will be an integral part of the revival and rehabilitation of the Journal Square area - Jersey City's historic city center and one of the busiest transportation hubs in the region. Once called
“The Most Lavish Temple of Entertainment In New Jersey” when it opened in Jersey City more than 90 years ago, the Loew’s Theatre has remained underutilized for decades following various roadblocks until the Fulop Administration stepped in and worked with local residents and community group Friends of the Loew’s (FOL) with a united goal of reviving the local gem and uncovering its untapped potential.
Construction is expected to begin in 2022 with an anticipated opening in 2025. Part of the agreement ensures priority to hire local, MWBE firms to help revitalize the regional economy and get people back to work.
“The Loew’s Jersey Theatre is an iconic community treasure that has played a long, distinguished role as Jersey City’s premier arts and entertainment venue. The opportunity to partner with Mayor Fulop, the Friends of the Loew’s, and the local Journal Square community to revitalize this historic venue is a privilege for us,” Hugh Weber, President of Devils Arena Entertainment, said. “We envision Loew’s Jersey Theatre as a catalyst to help the citizens of Northern Jersey get back, literally, on their feet to celebrate world-class arts and music.”
The rehabilitation and operation agreement ensures DAE, a proven owner and operator of industry-leading venues, will work closely with Jersey City and Friends of the Loew's to return the iconic theatre into the world-class centerpiece of arts and entertainment it once was. The $72 million deal looks to optimize venue performance for the artists and audiences, including:
- Modernization of technology with state-of-the-art visual and acoustic upgrades as well as concessions and ticketing areas
- Reconceptualization of ingress and egress at the back and front of the house to meet ADA requirements and expand audience capacity
- Major infrastructure improvements (HVAC, plumbing, code requirements, electrical upgrades)
- Historic preservation of the stage lighting control board, pop-up microphone, and orchestra and organ lifts
Once open, DAE will continue to work with Jersey City to provide another extraordinary resource in support of the surrounding community.