Show Business: SMR cancels $30M theater project in Lakewood Ranch

The show will not go on for The Players Centre of Performing Arts' new complex that was planned to reside within the Waterside Place development.

By Business Observer Staff
| 5:02 p.m. March 28, 2022
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File. The rendering of the $30 million theater complex in Lakewood Ranch.

Manatee-Sarasota

SARASOTA — In dramatic terms, the plan for a $30 million theater complex to house the The Players Centre of Performing Arts in Lakewood Ranch is dead.

Schroeder-Manatee Ranch, the developers of the master-planned community in east Manatee and north Sarasota county, issued a statement March 28, saying it has terminated its agreement with The Players to build a performing arts center in Waterside Place. The Players informed Lakewood Ranch Commercial Realty, a subsidiary of SMR, that it was talking with the city of Sarasota about potentially relocating its operations to the Municipal Auditorium, at 801 N. Tamiami Trail, Sarasota.