The long-shuttered Boyd Theatre, once a beloved vaudeville and movie house in center city, will be demolished to make way for a $22 million apartment and retail project under a proposal Scranton developer Charles Jefferson plans to submit to the city.
He said Tuesday that the 120-apartment project would bring residents to a sleepy block just around the corner from historic Main Street. The first-floor retail would augment a stretch known as Restaurant Row.
One critical component for the proposal, he said, was the use of the federal opportunity zone, a tax incentive written into the 2017 federal tax cut.
Jefferson said he expects to submit formal plans by the summer to the city for review and hopes to start construction before year’s end.
— THE MORNING CALL