The concert promoter who revitalized the Capitol Theater in Port Chester, N.Y., this year as a rock music hall has bought the landmark building from its previous owner. The promoter, Peter Shapiro, who is also a partner in the Brooklyn Bowl, said he had paid $11.5 million for the 1,800-seat theater, closing a deal on Friday with the previous owner, Marvin Ravikoff.
Mr. Shapiro had been leasing the building, which in recent years Mr. Ravikoff rented out only for corporate events and private parties. But last summer Mr. Shapiro spent more than $2 million refurbishing the space and installing a modern lighting and sound system with an eye toward restoring its status as a rock-and-roll mecca.
And since September, when the theater reopened with a Bob Dylan concert, Mr. Shapiro has promoted more than 50 rock shows, showcasing acts incl uding My Morning Jacket and Fiona Apple, and a well-received series of reunion shows by the Rascals. “I'm doubling down,†Mr. Shapiro said. “I decided to have this theater for the rest of my life.â€
