Highland Park's Village Theater has been packing people in to its four modest auditoriums for decades, its stunning facade the main draw of the property since 1935.

News came this month that Highland Park Village's new owner, Ray Washburne, and his company, HP Village Partners, Ltd., would close the theater for renovation and reopen it in May 2010. What was uncertain was if Regent would be back as the operating manager.

Today, Washburne's company announced it will partner with Mark Cuban and Todd Wagner's Landmark Theaters, owner of West Village's Magnolia and Inwood Village's Inwood Theater among over 60 national properties.

The new look will include leather seats, new projectors and sound equipment and a variety of concession options. No word yet on whether or not the bagel dogs from the Inwood will make it over as well, but other amenities are rumored to be in the works.

Hillary Artzt has more here.

What are your memories of the Village Theater? Share with us here or on Facebook at facebook.com/neighborsgo.