Brooklyn Sports & Entertainment, Mikhail Prokhorov’s holding company, announced Monday that renovation of the Paramount Theatre, Brooklyn’s Jazz Age jewel, is set to begin this fall, with an anticipated opening before 2019.
The Paramount, at the northeast corner of Flatbush and DeKalb Avenues on the LIU campus, is a few blocks from Barclays Center. Events at the theatre will feature music, comedy, boxing, and more. The venue will have a capacity of up to 3,000. The flexible seating configuration will accommodate primarily general admission-style setups, with the opportunity to also do seated floor events. The venue will open loge level seating, and will feature premium VIP areas.