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Shapiro Purchases The Cap for $11.5 Million

The music entrepreneur now owns his very own psychedelic rock palace.

Peter Shapiro was only leasing the historic Capitol Theatre when he spent more than $2 million to transform it from a late 20s era venue into the “psychedelic palace” it is today. But on Dec. 28, 2012, three months after new Cap opened under his stewardship, Shapiro finalized the contract to purchase the building for $11.5 million, confirmed Cap spokesman Anthony D'Amato Monday. Shapiro bought the building from who had owned it for the last three decades. Ravikoff had primarily used the space for private parties or band practices until Shapiro took over.

The Capitol Theatre reopened for the public on Sept. 4 with a performance by music legend Bob Dylan. Since then, famous rock, blues and pop acts have graced the stage; several shows, including My Morning Jacket and sold out within minutes of the tickets being released.

To read more about the Capitol Theatre and its shows, click here. This month's line up includes Trey Anastasio, Yo Gabba Gabba, Pat Benatar, Guster and more. Read more here.

RyeDad January 08, 2013 at 01:51 AM
$9 for a 12oz cup of beer. Fool me once.............
Bart Didden January 08, 2013 at 05:28 PM
@ RyeDad, don't go to the stadium to watch the Yankees or CitiField. The ticket prices are the same for admission and a steak wedge is $15.00, a hotdog is $5.75
Bea Conetta January 08, 2013 at 09:30 PM
I do wish Peter Shapiro the very best of luck as the new owner of the Capitol Theatre. Actually I want every new project that opens in PC to be successful. I think "the Cap" can put PC on the map. Thanks to Mr. Shapiro and his faith in our village to invest so much. He deserves our thanks!!!
Aidan January 08, 2013 at 09:59 PM
I'm with Bea. This is a great development for PC. It's the result of hard work by the BOT and the mayor to make this rebound spectacular. Unlike some other outside investors, Mr. Shapiro put his money where his mouth is ... and I think he;ll be richly rewarded. This is just the sort of news we've all envisioned once the village set out to re-make itself after decades of neglect. The downtown area has a special sort of pulse of late ... and The Cap just adds some sweet music to the effort. Best wishes to Mr. Shapiro ... and "thanks" to the village officials who made this an inviting destination for a business that has a whole lot of upside for all of us.
John January 08, 2013 at 10:35 PM
PC is still a gutter town.
Aidan January 08, 2013 at 10:47 PM
John, that's the spirit.
Craig Noor January 09, 2013 at 01:49 AM
Mr. Ravikoff was a great landlord ... I'm happy for him too!
Jim Byrne January 09, 2013 at 02:26 PM
Hey John. Piss off.
Jim Byrne January 09, 2013 at 02:27 PM
The Cap is FANTASTIC. The My Morning Jacket shows were spectacular, as were all the others I've been fortunate enough to attend!
Remy Chevalier January 29, 2013 at 04:52 PM
Maybe Peter Shapiro will host a benefit to shut down Indian Point? Hint, hint! ;o) www.rockthereactors.com
Joseph February 13, 2013 at 03:42 AM
Sign me up! Indian Point has to go.
Joseph February 13, 2013 at 03:52 AM
I've always paid $8. You must be including the tip! So how much do you pay for parking in NYC to see an event; $20-$35 ? It's FREE in Port Chester! BTW what's the toll between Rye and Port Chester? Nada! Get the point?
Joseph February 13, 2013 at 03:57 AM
Eight GREAT shows so far. Home in less than 10 minutes. Priceless!

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